DGAP-News: IMMOFINANZ Group develops outstanding office building in Prague 1
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ Group develops outstanding office building in Prague 1
29.02.2012 / 12:27
---------------------------------------------------------------------
Press Release
Press Breakfast | Prague, 29 February 2012
IMMOFINANZ Group develops outstanding office building in Prague 1
Ten years after its entry into the Czech Republic as a real estate investor
the Austrian-based IMMOFINANZ Group now underscores its commitment to this
northern neighbouring market by intensifying its commercial development
activities. The first development project will be the refurbishment of a
historic building right in the heart of Prague's Old Town, in Jind?i?ská16. Construction works started recently and are scheduled to be finalised
in July 2013. The investment amounts to EUR 24.6 million.
'We acquired this building together with Lordship in a 50:50 joint venture
from CSOB in January 2006', commented Eduard Zehetner, Chairman of the
Executive Board of IMMOFINANZ Group. 'In order to have clear
responsibilities we acquired Lordship's share last year. Full control over
this development will allow us to realise the project on time and within
budget - for the benefit of our investors', Zehetner added, pleased over
the future prospects of the project. The full takeover of Jind?i?ská16
also marks another milestone in the consequent realisation of IMMOFINANZ
Group's strategy to develop non-controlling interests into majority
holdings or to sell these investments.
Top quality prestigious office building in Prague's City Centre
Jind?i?ská16 is located in the heart of Prague's city center close to
Wenceslas Square near the Jind?i?skáBell Tower. A prime business location
and outstanding accessibility by all three metro lines, several tram lines
and Prague's most important train stations are the project's most valuable
assets.
The architect of the reconstruction and new extension is the respected
Prague-based atelier DaM architects. 'Jind?i?ská16 is one of many historic
places in Prague's heritage city center that were built at the beginning of
the 20th Century but have been neglected for decades. It is a great honour
for us to contribute to the revival of this exciting building', said
Richard Dole?al, partner of DaM architects. 'Our design work was driven
mainly by the idea to create a future-oriented, sustainable office
environment that will benefit from the charm of the historic building stock
as well as architectural and technological state-of-the art renewals.'
The refurbishment design was created in close cooperation with Prague's
heritage department and protects all important original architectural
elements such as the facade of the building, the inner structure of the
historical section, the representative staircases, windows, fittings, etc.
Together with the new state-of-the-art structure, these reconstructed
genuine parts will give Jind?i?ská16 a unique character and atmosphere.
After completion Jind?i?ská16 will offer 6,800 sqm of 'Class A' office and
retail space in the historical and the new parts of the property as well as
an automatic parking system. The building's flexible floor plan layout will
make it possible to choose between cellular or open-plan offices. 'Our aim
is to develop high-end office and retail space in Jind?i?ská16, meaning
attractiveness does not end with the architectural design. On the contrary:
We want to offer our tenants an addressing, comprehensive service package',
explained Ralph Bezjak, Head of Developments Commercial of IMMOFINANZ
Group, on the company's strategy. 'We will therefore ensure highest
building standards by using top-quality materials and state-of-the-art
technologies. A sophisticated building management system will guarantee
full transparency of operating costs based on the individual monitoring and
metering of all office units and common areas.'
Jind?i?ská16: A green office oasis in the heart of Prague
The beautifully designed lobby of Jind?i?ská16 will welcome tenants and
visitors in an elegant atrium with a breath-taking green wall. This
vertical garden will consist of more than 5,000 living plants that improve
the air quality with fresh oxygen and natural humidity. The coexistence of
stone, glass and the green wall reflects the philosophy of sustainability
and the harmony of history with current energy saving requirements.
Moreover, the feel-good factor of office buildings is continuously gaining
importance. An increasing number of people enjoy morning jogging or riding
their bicycles to work. The answer of Jind?i?ská16 to this trend is a
bicycle storage area, showers and lockers that meet the high expectations
of even the most demanding tenants.
The building is aiming for LEED Gold certification, which supports tenants'
CSR agenda and competitive service charges. The LEED pre-certification
process has already started.
'We have been in the real estate business for more than 20 years. The
experience gained during this time helps us to realistically assess new
developments. We are convinced that our Jind?i?ská16 project will be a
success: The property is located right in the heart of Prague and this
combination of a historical façade with state-of-the-art, sustainable
interior construction and technology will be most appealing for companies
searching prestigious offices with a high comfort level', summarises
Zehetner on the advantages of IMMOFINANZ Group's latest Czech development
project.
JIND?I?SKÁ16 - KEY FACTS
Location: Jind?i?ská16, Prague 1, close to Wenceslas Square
Accessibility: Subway lines A, B, C and tram lines
300 m from the 'Magistrála', Prague's main arterial road
short walking distance to the train stations, HlavníNádra?íand Masarykovo
Nádra?íRentable area offices: 6,000 sqm
Rentable area retail: 800 sqm
Number of parking spaces: 24 (automated parking system)
Smallest office unit: 190 sqm
Office layouts: Open space plan or intelligent cellular layout as per
individual tenant requirements
Construction start : 02/2012
Planned construction end: 07/2013
On IMMOFINANZ Group
IMMOFINANZ Group is one of the five largest listed property companies in
Europe and is included in the leading ATX index of the Vienna Stock
Exchange. Since its founding in 1990, the company has compiled a
high-quality property portfolio that now comprises more than 1,600 standing
investment properties with a carrying amount of approx. EUR 8.7 billion.
The core business of IMMOFINANZ Group covers the acquisition and management
of investment properties, the realisation of development projects and the
sale of objects. IMMOFINANZ Group concentrates its activities in the
retail, office, logistics and residential segments of eight regional core
markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania,
Poland and Russia. Further information under: www.immofinanz.com.
On DaM architekti
Architectural office DaM spol. s r.o. was founded in 1990 by two partner
architects - Richard Dole?al Dipl.Arch. ETH/SIA and Ing. Arch. Petr
Malinský, currently operating with four more partners-architects: Petr
Burian, Ji?íHavrda, Ji?íHejda and Jan Holna. The atelier is located in
Prague and its team consists of 30 in-house architects and civil engineers.
During the last 25 year DaM architects have prepared and realized various
kinds of important designs and constructions both in Czech Republic and
Switzerland. Among their most significant designs and constructions in
Czech Republic belong for instance: Boscolo Hotel Carlo IV (five-star
hotel, reconstruction of neo-renaissance palace with a new annexes, Prague
1), several stages of the Prague Castle reconstruction with renovation
(residency of the president of the Czech republic), president Vaclav Havel
villa extension in Prague 6, EURO Palace office building, Philadelphia
office building and others. DaM architects also realized the production
building of ROLEX Watch Company in Biel or forestry high school in Lyss,
both in Switzerland.
For additional information contact:
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)5 7111 2292, M +43(0)699 1685 7292
communications(at)immofinanz.com
Richard Dole?al
Architect | Partner
DaM spol. s r.o.
T +420 244 464 761, F +420 244 466 372
dam(at)dam.cz
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
M +43 (0)699 1685 7312
investor(at)immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor(at)immofinanz.com
A-1100 Vienna, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
---------------------------------------------------------------------
29.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
---------------------------------------------------------------------
158641 29.02.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
" alt="Avino: new 20 Year Royalty Agreement completed to Reopen Avino Main Mine">
" alt="QRS Capital Corp provides Exploration Update on Vista Hermosa Copper Oxide Project in Chile">
Datum: 29.02.2012 - 12:27 Uhr
Sprache: Deutsch
News-ID 119845
Anzahl Zeichen: 12045
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 373 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: IMMOFINANZ Group develops outstanding office building in Prague 1"
steht unter der journalistisch-redaktionellen Verantwortung von
IMMOFINANZ AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
