Construction start for CEDELIA residential development in Berlin-Zehlendorf
HOCHTIEF Projektentwicklung and Kondor Wessels joint venture to build around 280 residential units
(firmenpresse) - HOCHTIEF Projektentwicklung and Kondor Wessels have formed a joint venture to build some 280 residential units in Berlin-Zehlendorf. The Cedelia residential quarter will comprise six town villas, three detached houses with garden, seven apartment buildings, and a building for residential and commercial use with a total living and useful area of around 27,000 square meters. Five of the apartment buildings with almost 10,500 square meters of living space for rental apartments have been acquired by an institutional investor. There will also be 134 condominiums, of which just under 60 percent have already been sold. Construction work on Cedelia will start in May 2014 with completion planned for 2017.
The new residential development is to be built over the next three years on a lot of approximately 3.2 hectares on Dahlemer Weg, formerly the site of the Steuben Barracks. Traffic within the quarter will be reduced, so that children can play on the streets, and Cedelia will also feature quiet plazas and activity zones, as well 210 underground and 135 above-ground parking spaces. The three to four-story buildings—each with an additional penthouse level—will contain two to five-room apartments with different layouts and sizes ranging from around 70 to 190 square meters, making the development suitable for families, couples and single people alike. Most of the apartments will also have a low-barrier fit-out.
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HOCHTIEF Projektentwicklung as a subsidiary of the HOCHTIEF Group has been developing, realizing and marketing real estate projects in Germany and abroad since 1991 and is considered Germany's leading inner-city center developer. Its core business comprises office buildings in downtown locations and areas within easy reach of city centers. It also focuses on residential properties, retail properties, and the development of entire urban quarters. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an "interim investor" with the goal of selling the projects to a final investor well-let and as swiftly as possible. With its offices in Germany and Europe, the company makes sure it is close to its clients. Sustainable concepts, prime locations, sophisticated architecture and innovative technology make for value creation and cost reductions.
Kondor Wessels is an owner-run, medium-sized company with an integrated approach: It provides project planning, project development and construction from a single source. This bundled expertise in development and construction generates synergies that facilitate smooth, cost-effective and high-end construction and produce a wealth of experience that Kondor Wessels also brings to bear as a consultant. This sustainably operating company with a German-Dutch corporate culture has been successfully active in the German real estate market for around 20 years using this construction team model. This team-oriented philosophy, which also extends to collaboration with long-standing partners, is put into practice every day by 300 employees.
HOCHTIEF Projektentwicklung GmbH
Alfredstraße 236
45133 Essen
Germany
Gabriele Stegers
Head of Corporate Communications
Tel.: +49 201 824-2282
Fax: +49 201 824-1728
E-Mail: gabriele.stegers(at)hochtief.de
Datum: 07.05.2014 - 08:44 Uhr
Sprache: Deutsch
News-ID 1297681
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Residential Real Estate
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"Construction start for CEDELIA residential development in Berlin-Zehlendorf
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