DGAP-News: MAGNAT Real Estate AG:Completely revitalised by MAGNAT, the Schrödterhaus in Leipzig has been nominated for the prestigious MIPIM Awards 2011
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MAGNAT Real Estate AG:Completely revitalised by MAGNAT, the
Schrödterhaus in Leipzig has been nominated for the prestigious MIPIM
Awards 2011
07.02.2011 / 10:01
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Completely revitalised by MAGNAT, the Schrödterhaus in Leipzig has been
nominated for the prestigious MIPIM Awards 2011
- Schrödterhaus is nominated for the 'Refurbished Office Buildings'
category
- The basis for this was an innovative and comprehensive redevelopment
plan for the approximately 9,000 square metre property in a prime
location in Leipzig
- An occupancy rate of around 80 per cent has been achieved within a very
short period of time
Frankfurt am Main, 7 February 2011 - Managed by MAGNAT Real Estate AG
('MAGNAT', ISIN DE000A0XFSF0), the Schrödterhaus in Leipzig is one of three
candidates to be nominated for the 'Refurbished Office Buildings' category
of the prestigious MIPIM Awards 2011. The MIPIM, the world's largest real
estate exhibition, is held in Cannes, France, each year (this year from 8
to 11 March). 18 nominees from around the world have been selected in six
categories for the final round of the MIPIM Awards 2011. In addition to the
Schrödterhaus, the nominees include the Deutsche Bank's 'Green Towers' in
Frankfurt am Main and the 'JohannisContor' in Hamburg as well as
spectacular international projects such as the world's tallest building,
the Burj Khalifa in the United Arab Emirates and the International Commerce
Centre in Hong Kong.
Located in the heart of Leipzig's city centre, the Schrödterhaus was built
in 1912/13 for the cloth and carpet merchant Georg Heinrich Schrödter on
the basis of plans drawn up by the architect Emil Franz Hänsel. The present
owner, the SQUADRA Immobilien Group, acquired the property in late 2008.
The building was extensively renovated between mid 2009 and late 2010.
MAGNAT holds a 16 per cent stake in SQUADRA and is responsible for the
asset management.
In addition to extensive renovation of the façade, the re-routing of the
entrance passage and the conversion of rental units, a 16 metre high airy
foyer has replaced a dark courtyard. The architect is AndréKlinge from
K.O.P, a Leipzig-based firm of architects. One distinctive feature of the
innovative and comprehensive redevelopment plan for the Schrödterhaus is
the lounge with three conference rooms situated directly below the roof.
The building has 9,000 square metres of floor space available for letting,
which includes 2,000 square metres of premium retail space. Due to the
excellent redevelopment plan, the occupancy rate of the property, which was
empty to begin with, has been raised to about 80 per cent with long-term
tenancy agreements within a very short period under the management of
MAGNAT. In the last few weeks alone MAGNAT has succeeded in concluding
three new long-term tenancy agreements with prestigious office tenants on
more than 2,200 square metres.
Dr Marc-Milo Lube, CEO of MAGNAT, notes: 'The Schrödterhaus is an example
of how to successfully reposition a property that is certainly quite
challenging on the market with an innovative redevelopment plan within a
very short period. This achievement was only possible through active asset
management on the ground by the MAGNAT team. Nomination for the MIPIM Award
is additional confirmation of our approach.'
About MAGNAT
MAGNAT Real Estate AG is the first publicly traded real estate company in
Frankfurt to focus on real estate development in east European, Austrian
and German metropolitan areas.
MAGNAT is an integrated real estate group and covers the entire value chain
- from acquisition across development through to the sale of projects and
land. In addition, the Group provides real estate asset management services
for third parties.
MAGNAT investors participate in development returns in eastern Europe as
well as special business situations in Germany and Austria.
Contact
MAGNAT Real Estate AG
Investor Relations
Dr Joachim Fleing/Charlotte Frenzel
Lyoner Strasse 32
D-60528 Frankfurt am Main
Telephone: +49 (0) 69-719 189 79 36
Fax: +49 (0) 69-719 189 79 11
Email: ir(at)magnat.ag
Web: www.magnat.ag
Press Relations
edicto GmbH
Axel Mühlhaus/Werner Rüppel
Telephone: +49 (0) 69-905 50 55 2
Email: amuehlhaus(at)edicto.de
End of Corporate News
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Language: English
Company: MAGNAT Real Estate AG
Lyoner Straße 32
60528 Frankfurt am Main
Deutschland
Phone: +49 (0)69 / 719 189 79 0
Fax: +49 (0)69 / 719 189 79 11
E-mail: info(at)magnat-reop.com
Internet: www.magnat.ag
ISIN: DE000A0XFSF0
WKN: A0XFSF
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart
End of News DGAP News-Service
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111259 07.02.2011
Datum: 07.02.2011 - 10:01 Uhr
Sprache: Deutsch
News-ID 33151
Anzahl Zeichen: 0
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Kategorie:
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