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maxCologne office complex in Cologne-Deutz fully let on completion

02-07-2013 12:23 PM CET | Industry, Real Estate & Construction

Press release from: HOCHTIEF Solutions AG

maxCologne: office complex in Cologne-Deutz

maxCologne: office complex in Cologne-Deutz

Law firm GÖRG Partnerschaft von Rechtsanwälten secures last available floor with 2,000 square meters of office space

HOCHTIEF Projektentwicklung has now fully let the maxCologne office complex in Cologne-Deutz in time for the foreseen completion date: The 38,500 square meters of rental space in the 22-story office block are to be handed over to Lanxess in early 2013. At the end of 2012 the business law firm GÖRG Partnerschaft von Rechtsanwälten already took up occupancy of floors 2 to 7 in the Rheinetagen building which has an office area of around 10,500 square meters. The firm has now also secured 2,000 square meters on the first floor. Meanwhile, early this year the family-run business g-dogan will open its second restaurant in Cologne, “bona’me”, on the ground floor, serving freshly prepared Turkish-Oriental cuisine.

Work has been underway since March 2010 on the Deutz Rhine embankment, to create a modern office complex with public spaces using two existing buildings constructed in 1969 and 1978. The two maxCologne buildings meet the criteria for Gold certification from the German Sustainable Building Council (DGNB) and already hold DGNB Gold precertification. The purchase was overseen by HIH Hamburgische Immobilien Handlung, as an exclusive asset manager in Germany, which is handling ongoing asset management for the owner. Warburg - Henderson Kapitalanlagegesellschaft für Immobilien acquired maxCologne for its real estate special fund “RZVK-Immo-Fonds”, an individual fund for the Rheinische Versorgungskassen.

HOCHTIEF is one of the leading international providers of construction-related services. With more than 80,000 employees and a sales volume of EUR 23.28 billion in FY 2011, the company is represented in all the world‘s major markets. With its core compe-tencies in development, building and operation, the Group delivers services for the entire life cycle of infrastructure projects, real estate and facilities. The focus of the related business activities is on four strategic areas: energy infrastructure, transportation infrastructure, major cities, and resources. 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 subsidi-ary 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
Fax: +49 201 824-1728
Email: gabriele.stegers@hochtief.de

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