DGAP-News: Panta Rhei: IMMOFINANZ Group marks topping out ceremony in Düsseldorf
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
Panta Rhei: IMMOFINANZ Group marks topping out ceremony in Düsseldorf
06.06.2013 / 15:59
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The building shell has now been completed at Panta Rhei, IMMOFINANZ Group's
own development project in the Düsseldorf Airport City. This milestone was
celebrated today at the topping out ceremony together with the construction
partner PORR. Plans call for the tenants to move in during January 2014.
The costs to complete this building, which has 9,600 sqm of rentable space,
are estimated at EUR 18 million.
'Germany is one of the core markets where we are focusing on development
activities. Panta Rhei is located at the best site in Düsseldorf's Airport
City. There is strong interest on the part of potential tenants - although
the building is scheduled for completion at the end of this year, rentals
have already reached over 35 per cent. We decided not to pre-let when we
started work on Panta Rhei because we were convinced by the location and
the unusual architecture. And this decision was right', indicates Eduard
Zehetner, CEO of IMMOFINANZ Group.
Karl-Heinz Strauss, CEO of PORR AG: 'The realisation of Panta Rhei
represents a major challenge, not only because of its unique architectonic
features but also because of the weather. With its great local team, PORR
Deutschland has kept its promise to meet the budget, schedule and quality.'
This seven-storey office building is located directly at Düsseldorf
Airport, close to the city center. The exterior design of Panta Rhei
reflects the course of the Rhine River, while the curved glass facades
allow for optimal daylight in the interior areas. The building concept also
supports the flexible division of space.
In addition, sustainability and tenant comfort play an important role:
modern heating and cooling systems as well as exterior sun protection help
to maximise energy and cost efficiency. Plans for LEED certification are
currently in progress.
A live webcam provides an up-to-date overview of construction progress:
http://www.pantarhei.de/en/gallery
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe.
The company is included in the leading ATX index of the Vienna Stock
Exchange and also trades on the Warsaw Stock Exchange. Since its founding
in 1990, the company has compiled a high-quality property portfolio that
now comprises more than 1,810 investment properties with a carrying amount
of approx. EUR 10.49 billion. As a 'real estate machine' the company
concentrates on linking its three core business areas: the development of
sustainable, specially designed prime properties in premium locations, the
professional management of these properties and cycle-optimised sales.
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: http://www.immofinanz.com |
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications(at)immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor(at)immofinanz.com
End of Corporate News
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06.06.2013 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) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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215277 06.06.2013
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Datum: 06.06.2013 - 15:59 Uhr
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News-ID 267328
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