DGAP-News: IFM Immobilien AG: IFM to Build Eleven-Storey High-Rise at 'Kureck' Project in Wiesbaden
(firmenpresse) - DGAP-News: IFM Immobilien AG / Key word(s): Real Estate
IFM Immobilien AG: IFM to Build Eleven-Storey High-Rise at 'Kureck'
Project in Wiesbaden
20.08.2013 / 08:54
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- Publication of the local development plan paves the way for Project
kick-off
- Reduced floor area made up for by superior Quality
- Value appreciation for the entire project
Frankfurt am Main, 20 August 2013 - Within the framework of its 'Kureck'
project development in Wiesbaden, IFM Immobilien AG is planning to demolish
the former R+V high-rise along with the adjacent R+V Casino plus
underground car park in order to raise an eleven-storey mixed-use building
of high-end residential and commercial units. The recent publication of the
area's local development plan by the City of Wiesbaden has cleared the way
for filing the planning applications as a first step in realising this
project. The architectural firm Max Dudler has been commissioned to handle
the planning for the new building.
The new structure will not be quite as tall as the former R+V high-rise,
and will thus cause the residential plots on the slope behind the estate to
appreciate considerably. There are no plans to compensate the loss in floor
area due to the reduced building height in some other way. Rather, it will
be made up for by the increase in quality for the project.
'We are pleased to have found a solution together with officials in
Wiesbaden that will benefit both the project and the cityscape of Wiesbaden
as a whole. This will boost the value of the entire enterprise,' said
Volker de Boer, CEO of IFM Immobilien AG. 'A careful analysis revealed that
the existing building fabric would not have been suitable for a
revitalisation along the lines we had in mind, with reasons including the
low floor-to-ceiling height and the fire damage, among others. Moreover,
with a view to the latest market trends in Wiesbaden, it seems quite
sensible to set a significant share of the floor areas aside for
residential use, including in the former R+V building. By opting for a new
building in the dimensions now contemplated, we ensured that we would be
creating high-end, modern residential and commercial space while
substantially upgrading the quality of the residential area beyond. At the
same time, we captured the essence of the current market by rededicating
oversized office accommodation into state-of-the-art residential units.'
For inquiries, please contact:
Holger Friedrichs
Dr. ZitelmannPB. GmbH
Rankestrasse 17
D-10789 Berlin
Tel: +49 (0) 30 72 62 76-157
Fax: +49 (0) 30 72 62 76-162
E-mail: friedrichs(at)zitelmann.com
Corporate contact:
IFM Immobilien AG
Karlo Schwöbel
Ulmenstrasse 37-39
D-60325 Frankfurt am Main
T. +49 (0) 69 9686700-42
F. +49 (0) 69 9686700-25
welcome(at)ifm.ag, www.ifm.ag
About IFM Immobilien AG:
IFM Immobilien AG is an investor and project developer specifically of
commercial real estate, with an emphasis on office and downtown retail
uses. In addition to conventional project development, its business
operations include the redeveloping, restructuring and repositioning of
commercial properties. The properties that IFM acquires generally stand out
due to what IFM sees as an attractive risk/reward profile, great potential
for development and appreciation, and preferred locations. Using this
strategy and the company's core competencies in the areas of redevelopment,
restructuring and repositioning, IFM Immobilien AG revitalizes properties
and thus creates what it believes will be sustainable property values.
End of Corporate News
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20.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IFM Immobilien AG
Karl-Ludwig-Straße 2
69117 Heidelberg
Germany
Phone: +49 (0)6221-434 098 0
Fax: +49 (0)6221-434 098 66
E-mail: welcome(at)ifm.ag
Internet: www.ifm.ag
ISIN: DE000A0JDU97
WKN: A0JDU9
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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226570 20.08.2013
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Datum: 20.08.2013 - 08:54 Uhr
Sprache: Deutsch
News-ID 289100
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