New office building in the “University quarter―grüne mitte Essen” fully let—Completion scheduled for Q2 2013
(firmenpresse) - A joint venture between Bauwens Development and HOCHTIEF Projektentwicklung will be constructing an office property with a net floor area of around 14,400 square meters in the “University quarter―grüne mitte Essen” (Essen’s green center). The health insurer AOK Rhineland/Hamburg has taken out a long-term lease off-plan for the entire building, to house its regional headquarters and other central specialist departments. This is the biggest individual lease in Essen since 2009. Preparations for construction work are due to get under way in November 2011 and completion is scheduled for Q2 2013.
A flexibly divisible office property with five above-ground levels and a floor area of just under 18,000 square meters will be constructed on a roughly 7,000-square-meter site at the entrance to the “University quarter―grüne mitte Essen” urban development. Storage space and 84 car parking slots will be created at basement level. The public underground car park will also be accessible via two entrances outside the building. A further 41 parking slots will be created above-ground on the site. The main entrance faces Berliner Platz and thus integrates the building into the pedestrian precinct in downtown Essen. The entire space on the barrier-free ground floor can be used: glass elements in the facades and generous skylights in the central section mean that the entire level has natural light. The office areas will be arranged around the atrium on four floors―three standard and one set back. The building is designed to be sustainable: the rooms, for example, will be cooled in an energy saving way with concrete core temperature control. The developer is aiming to obtain certification for the building from the German Sustainable Building Council (DGNB).
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.
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 real estate service offer, reflects the growing market requirement for professionally managed investments. Bauwens Development currently handles a real estate volume of around EUR 330 million and is the Group’s fastest growing division. It focuses on the attractive Rhine-Main and Rhine-Ruhr residential markets, as well as on commercial and office real estate nationwide.
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