DGAP-News: TAG Immobilien AG: Energy-efficient and renovation to accommodate the elderly instead of demolition - Konrad-Struve-Strasse 41 in Elmshorn undergoes refurbishment
(firmenpresse) - DGAP-News: TAG Immobilien AG / Key word(s): Miscellaneous
TAG Immobilien AG: Energy-efficient and renovation to accommodate the
elderly instead of demolition - Konrad-Struve-Strasse 41 in Elmshorn
undergoes refurbishment
30.05.2012 / 10:09
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(Hamburg - May 30, 2012) Instead of demolition, the vacant, dilapidated
building on Konrad-Struve-Strasse in Elmshorn is now being renovated for
energy efficiency and thoroughly modernised. The new owner of the property,
TAG Immobilien AG, has reviewed the renovation of the building and now
plans to invest over EUR 2 million for the necessary measures.
Investitionsbank Schleswig-Holstein will finance most of the investment as
partner and lender. Construction can begin as soon as all the necessary
permits have been obtained.
TAG Immobilien AG has owned Konrad-Struve-Strasse 41 for over a year.
During this period, TAG has carefully reviewed whether a renovation of the
property would be feasible, as the creation of living space is a much more
desirable goal than the demolition planned by the previous owner. A
decision has now been made to extensively renovate the 42 flats with a
total floor space of 1,350 m²in the eight-storey building. The facade will
be completely renovated and at the same time insulated in accordance with
energy efficiency standards, thereby reducing CO2 emissions. The existing
site will be completely gutted and redeveloped to create modern one-bedroom
apartments/studios of 29 to 35 m². All apartments will obtain heat and
electricity from the existing combined heat and power plant.
Simultaneously with the energy efficiency measures, structural alterations
will be made throughout the building and inside the apartments to make them
suitable for the elderly. In addition to wheelchair-accessible access to
the building and staircase, a new lift system will be installed in the
building from the basement to the top floor. The individual apartments will
be made wheelchair-accessible - including the balconies - and bathroom
modernisations to accommodate the elderly are planned. Once the measures
are complete, TAG Immobilien AG expects to achieve a net actual rent of EUR
8.50 per m².
'We campaigned for the restoration of the building because as a real-estate
company we naturally focus on the creation of housing space and so this
also allows us to meet the high demand for one-bedroom flats suitable for
the elderly,' said TAG CEO Rolf Elgeti. 'By bringing the Investitionsbank
on board, we have gained a partner in campaigning for the region and
upgrading the residential environment in Konrad-Struve-Strasse. By taking
this step, we not only create new homes, but reduce vacancy costs and
increase operating profits in a demographically and environmentally
sustainable manner.'
Press enquiries:
TAG Immobilien AG
Investor&Public Relations
Britta Lackenbauer / Dominique Mann
Phone +49 40 380 32 0
Fax +49 40 380 32 390
pr(at)tag-ag.com
End of Corporate News
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30.05.2012 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
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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 390
E-mail: ir(at)tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
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171130 30.05.2012
Themen in dieser Pressemitteilung:
tag-immobilien-ag-energy
efficient-and-renovation-to-accommodate-the-elderly-instead-of-demolition
konrad
struve
strasse-41-in-elmshorn-undergoes-refurbishment
Unternehmensinformation / Kurzprofil:
Datum: 30.05.2012 - 10:09 Uhr
Sprache: Deutsch
News-ID 151037
Anzahl Zeichen: 9215
contact information:
Kategorie:
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