DGAP-News: IMMOFINANZ AG:
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
IMMOFINANZ AG:
24.05.2012 / 12:26
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IMMOFINANZ Group launches first internal development project in Germany
with spectacular construction project at Düsseldorf Airport
Ten years after its entry into the German market as a real estate investor,
the Austrian IMMOFINANZ Group is now expanding its activities in this
neighbouring northern country. Only yesterday, the residential construction
subsidiary BUWOG acquired the operating business and Berlin projects from
the German housing developer CMI AG. Today IMMOFINANZ Group is presenting
its first own development project in Germany with the spectacular Panta
Rhei office building. The investment volume will total EUR 26.5 million.
'We acquired the Panta Rhei project from the FRANKONIA Group in full only
one month ago and now plan to start construction at the beginning of June',
indicated Eduard Zehetner, Chief Executive Officer of IMMOFINANZ Group.
'This represents a further step in the implementation of our strategy to
convert non-controlling interests into majority holdings or to sell these
investments. Clearly defined responsibilities allow for the faster
realisation of projects - and that is exactly the approach we are following
with our concept of the real estate machine', added Zehetner. The new
office building should be ready for tenants by the end of 2013.
Panta Rhei: new architecture highlight at Düsseldorf Airport
'Everything flows' is an English expression for the melodic name of the
9,658 sqm prime Panta Rhei office building in the heart of the Airport City
Düsseldorf. The flowing forms of the undulating exterior facade show that
the building more than justifies this designation. One of the most
important features of the project is its location: the third largest
airport in Germany and a hub for intercontinental connections is only a
short walk away. That gives the office building an excellent infrastructure
with a diverse gastronomy offering and wide-ranging shopping alternatives.
However not only the airport, but also the city center can be reached in
ten minutes - another highlight of the well-defined concept for the Panta
Rhei.
Christoph Blume, speaker for the management of Düsseldorf Airport, welcomes
the planned activities of IMMOFINANZ Group and the related upgrading of
this office location: 'This attractive project will create a further
architectonic highlight for the high-quality business park at Düsseldorf
Airport. Many well-known companies have already chosen the Düsseldorf
Airport City as their office location - from a listed corporation to a
radiology practice and consulting firm. That makes our business park
unique', explained Blume. 'In addition to the attractive, park-like design,
the most important advantage of the Düsseldorf Airport City is its
location. Direct nearby access to the airport gives the office park optimal
traffic connections - to the road system, public transportation and the
airport's route network. It's only a few steps from the office to the
check-in counter in the terminal', indicated Blume.
The Rhine as inspiration
Panta Rhei is a captivating building with spectacular architecture.
Inspired by the Rhine River and its strong identification for Düsseldorf
residents, the well-known architects at RKW Rhode, Kellermann, Wawrosky
developed this unusual design. Wojtek Grabianowski described the story of
its creation, 'You only need to look out the window when your plane
approaches Düsseldorf. The curves of the river bed as it moves through the
Düsseldorf landscape gave us the layout for the Panta Rhei. The building
shell is a true-to-scale representation of the river, over all seven
floors. The Rhine is also reflected in the space surrounding the building,
just like a passe-partout'.
The exterior appearance of this undulating building shell with its
wave-like facade structure gives the building a high recognition value. The
curved lines stretch throughout the entire building and are underscored by
the selection of materials - a combination of glass, aluminium and steel.
Design and function
This seven-floor office building has spacious glass fronts that allow for
the optimal inflow of daylight as well as a glimpse of the landscaped
parking areas with green areas, trees and water. Generous space and
flexible floor plans allow for the individual design of workstation
concepts: from individual or team offices and open lounges up to open space
offices. State-of-the-art heating and cooling systems and an exterior
sunshade that can be regulated individually in each room ensure maximum
energy and cost efficiency.
'With the Panta Rhei we want to realise a prime office building that allows
for perfect workflows and meets the highest demands. In addition to
appealing architecture and flexible floor plans, tenants are becoming more
interested in additional services', explained Ralph Bezjak, Head of
Developments Commercial for IMMOFINANZ Group. 'We are well-prepared for
this trend because we meet the highest construction standards and use
top-quality materials and intelligent building equipment. For example, a
sophisticated building management system with individual monitoring and
measurement of all office units and common areas will guarantee full
transparency. In addition, IMMOFINANZ Group places high value on
sustainability in its development projects. For the Panta Rhei preparations
have already started for LEED certification of the shell and core
building', commented Bezjak in conclusion.
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading 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
portfolio that now comprises more than 1,830 investment properties with a
carrying amount of approx. EUR 9.81 billion. The core business of
IMMOFINANZ Group covers the acquisition and active management of investment
properties, the realisation of development projects and the sale of
buildings. 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.
PANTA RHEI FACTS AND FIGURES
Location: Peter-Müller-Strasse 3, in the heart of Airport City Düsseldorf
Traffic connect transitionsions: Düsseldorf Airport, Railway Station
'Düsseldorf Flughafen' (ICE-, IC-, EC- and local trains), direct
connections to rapid trains, cost to A44 / A52 autobahn interesction
Rentable office space: 9,658 sqm
Parking spaces: 176 spaces in underground garage
Smallest office unit: 350 sqm
Office design: Flexible use as individual, group or combi-office or open
space
Horizontal and vertical distribution of space possible
Start of construction: June 2012
Scheduled completion: End of 2013
Contact:
For additional information contact:
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
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43 (0)699 1685 7292
communications(at)immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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24.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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
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