HOCHTIEF sells 208 rental apartments in Hanover for over EUR 60 million
Residential developer formart sells construction projects on Dreyerstrasse and Mars-la-Tour-Strasse completely off-plan
(firmenpresse) - HOCHTIEF Solutions formart has sold 208 rental apartments for more than EUR 60 million. An institutional investor acquired 37 rental units at the "Loft as you like" residential project on Dreyerstrasse off-plan. The same investor also purchased eight houses (with a total of 72 rental apartments) in the future Mosaik Eilenriede residential development on Mars-la-Tour-Strasse. Eight buildings from this residential project (with 90 rental apartments) were sold to AXA Immoresidential, a real estate special assets fund owned by AXA Investment Managers Deutschland. Two private investors each acquired one building (with a total of nine residential units) at Mosaik Eilenriede. Construction work will start on the residential developments in summer 2011.
The Mosaik Eilenriede project foresees the construction of 18 townhouses with 171 residential units and four underground parking garages in Hanover’s Zoo district. The groundwork is currently underway at the approximately 16,300 square meter site at Mars-la-Tour-Strasse. The buildings are scheduled for completion at the beginning of 2014.
A residential building with 37 rental apartments and an underground parking garage is under construction in Calenberger Neustadt. The site, which has an area of around 2,300 square meters, is between Dreyerstrasse and Leineufer. The existing building will be demolished after July 2011 and a loft-style house completed by the end of 2012.
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Unternehmensinformation / Kurzprofil:
HOCHTIEF is one of the leading international providers of construction-related services. With more than 70,000 employees and a sales volume of EUR 20.16 billion in FY 2010, the company is represented in all the world‘s major markets. The Group‘s service offering in the fields of development, construction, services, concessions and operation covers the entire life cycle of infrastructure projects, real estate and facilities. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. With its subsidiary Leighton (HOCHTIEF share around 53 percent), the Group is market leader in Australia. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.
HOCHTIEF Solutions consolidates the core business of the HOCHTIEF Group in Europe and in selected regions worldwide. The company plans, develops, builds, operates and manages real estate and infrastructure facilities. HOCHTIEF Solutions is the management company of the Group’s Europe division which employed around 15,000 people around the globe in fiscal 2010. In many regions and segments, the company is a market and innovation leader.
formart, the residential development arm of HOCHTIEF Solutions, develops, constructs and markets residential projects both in Germany and internationally. With over 1,000 properties sold to private individuals and institutional investors per year, formart is one of Germany's leading residential developers. Its portfolio includes multigenerational buildings, urban housing, senior real estate and entire urban residential quarters.
HOCHTIEF Solutions AG
Communications
Gabriele Stegers
Alfredstrasse 236
45133 Essen
Germany
Tel.: +49 201 824-2282
Fax: +49 201 824-1728
Email: gabriele.stegers(at)hochtief.de
Datum: 20.07.2011 - 09:45 Uhr
Sprache: Deutsch
News-ID 1024776
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contact information:
Contact person: Gabriele Stegers
Town:
Essen
Phone: +49 201 824-2282
Kategorie:
Real Estate & Construction
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