New owner for office property in Essen
Fully let new building sold even before completion
(firmenpresse) - A joint venture between Bauwens Development and HOCHTIEF Projektentwicklung has sold a new office building in the “grüne Mitte” (green center) University district of Essen. Hannover Leasing acquired the building comprising some 14,400 square meters of net floor space for a closed real estate fund. Health insurer AOK Rheinland/Hamburg had let the entire space for the regional headquarters in Essen and further central units even before construction started.
On a 7,150-square-meter site, works are currently underway for an office building comprising approximately 18,350 square meters of gross floor space that can be divided variably, and five upper floors. In the basement, storage space and 83 parking spaces will be created. The underground car park can also be used by the public. For this purpose, a ten-year lease agreement was concluded with Contipark Parkgaragen. The 41 parking spaces above ground are reserved for the tenant. The barrier-free ground floor can be used completely. Glass elements in the exterior facades and large skylights in the middle section allow in daylight on the entire level. Around the inner court, the office space is arranged in the form of three standard floors and one set-back floor. The building is constructed in line with the criteria of the German Sustainable Building Council, and silver certification is aimed for.
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Unternehmensinformation / Kurzprofil:
HOCHTIEF is one of the leading international providers of construction-related services. With more than 75,000 employees and a sales volume of EUR 23.28 billion in FY 2011, 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 54 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 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.
The Bauwens Group manages real estate projects for its business partners in the areas of construction, development and asset management. The successful business development of the Group, with its all-round property service offer, reflects the growing market requirement for goal-oriented investments.
Bauwens Development is currently developing a project volume of roughly EUR 330 million and is the strongest growth segment of the group. Its focus is on attractive apartment markets in the Rhine-Main and the Rhine-Ruhr area and on commercial and office properties throughout Germany. The latter two property types are generally sold to an end investor as early as possible when a certain pre-lease rate has been reached.
HOCHTIEF Solutions AG
Alfredstrasse 236
45133 Essen
Germany
Gabriele Stegers
Head of Communications Real Estate Solutions
Tel.: +49 201 824-2282
Fax: +49 201 824-1728
Email: gabriele.stegers(at)hochtief.de
Datum: 19.03.2012 - 10:35 Uhr
Sprache: Deutsch
News-ID 1094057
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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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