HOCHTIEF Projektentwicklung sells Katharinenquartier in Hamburg off-plan
Ärzteversorgung Niedersachsen acquires urban development at St. Katharine’s Church—Residential and commercial buildings to be constructed by 2013
(firmenpresse) - HOCHTIEF Projektentwicklung has sold the Katharinenquartier development with a gross floor area of 22,100 square meters to the Ärzteversorgung Niedersachsen off-plan. It was agreed that no details of the purchase price would be disclosed. The urban development in the Katharinen neighborhood of Hamburg will comprise around 130 rental apartments and some 7,700 square meters of office and retail space. Construction work on the Katharinenquartier is to begin in October 2011 and completion is scheduled for 2013.
A mixed-use urban quarter with around 65 percent devoted to residential use—almost 14,400 square meters of living space—and 35 percent for commercial use, is being created on a lot of around 7,800 square meters beside St. Katharine’s Church in Hamburg’s old town. In terms of height and design, the development will fit in with the local surroundings. The height of the buildings will be staggered: A two-part office building with five to six stories will protect the housing to the rear from Willy-Brandt-Strasse. The six to seven-story apartment buildings will, like the office buildings, be designed to create a look of small sections. The new roads within Katharinenquartier will connect the new development with the surrounding area.
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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.
HOCHTIEF Projektentwicklung is a fully owned subsidiary of HOCHTIEF and organizationally related to HOCHTIEF Solutions. Since 1991 the company has been developing, realizing and marketing real estate projects in Germany and abroad and is considered Germany’s leading inner-city developer. Its core business comprises office buildings in central business districts and areas within easy reach of city centers. It also focuses on retail properties, residential properties and accommodation for senior citizens, and the development of entire urban quarters. Hotels, distribution centers and special-purpose properties are also among the product market segments which the company addresses. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an “interim investor” with the goal of selling its projects to a final investor as swiftly as possible.
HOCHTIEF Solutions AG
Gabriele Stegers
Head of Communications Real Estate Solutions
Alfredstrasse 236
45133 Essen
Germany
Phone.: +49 201 824-2282
Email: gabriele.stegers(at)hochtief.de
Datum: 13.10.2011 - 09:06 Uhr
Sprache: Deutsch
News-ID 1045566
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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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