HOCHTIEF Projektentwicklung sells Berlin office building to Deka Immobilien

Entire building on the Spree embankment is let long-term—Completion of Berlins Grosse Freiheit planned for 2013

HOCHTIEF Projektentwicklung has already sold the transparent office building, Berlins Grosse Freiheit, which has a rental area of around 9,500 square meters, prior to completion of the shell. Deka Immobilien acquired the building at Stralauer Allee 4 which is fully let. The office new-build should be ready for tenants in early 2013.

The office building forms part of the “Mediaspree” development area in Berlin—a lot of around 4,460 square meters on the Spree embankment. The property will have parking space for roughly 140 cars and about 70 bicycles. The seven-story building will be given a striking ceramic facade, with the wraparound glass surfaces giving it a light, transparent look. Berlins Grosse Freiheit will meet LEED Gold standard. To ensure sustainable construction and operation, various measures are being taken including the use of environmentally-friendly, regionally sourced construction materials, and needs-based indoor lighting with energy-saving lamps.

HOCHTIEF is one of the leading international providers of construction-related services. With more than 75,000 employees and a sales volume of EUR 23.28 billion in FY 2011, the company is represented in all the world‘s major markets. The Group‘s service offering in the fields of development, construction and operation covers the entire life cycle of infrastructure projects, real estate and facilities. In this connection, HOCHTIEF focuses on four strategic growth areas: creating sustainable energy infrastructure, shaping major cities, building state-of-the-art transportation infrastructure, and contract mining business. With its subsidiary Leighton (HOCHTIEF share around 54 percent), the Group is market leader in Australia. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006.

HOCHTIEF Solutions consolidates the core business of the HOCHTIEF Group in Europe and in selected regions worldwide. The company plans, develops, builds, operates and manages real estate and infrastructure facilities. HOCHTIEF Solutions is the management company of the Group’s Europe division which employed around 15,000 people around the globe in fiscal 2011. In many regions and segments, the company is a market and innovation leader.

HOCHTIEF Projektentwicklung is a fully owned subsidiary of HOCHTIEF and organizationally related to HOCHTIEF Solutions. Since 1991 the company has been developing, realizing and marketing real estate projects in Germany and abroad and is considered Germany’s leading inner-city developer. Its core business comprises office buildings in central business districts and areas within easy reach of city centers. It also focuses on retail properties, residential properties and accommodation for senior citizens, and the development of entire urban quarters. Hotels, distribution centers and special-purpose properties are also among the product market segments which the company addresses. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an “interim investor” with the goal of selling its projects to a final investor as swiftly as possible.

HOCHTIEF Solutions AG
Alfredstrasse 236
45133 Essen
Germany

Gabriele Stegers
Head of Communications Real Estate Solutions
Tel.: +49 201 824-2282
Email: gabriele.stegers@hochtief.de
Web: www.htp.hochtief-solutions.com

This release was published on openPR.