HOCHTIEF Projektentwicklung: About 75 percent of Munich smarthouse let

Leases signed for 16,650 square meters—office and commercial building with child day care center completed in September 2012

HOCHTIEF Projektentwicklung has concluded further leases covering a total of around 1,900 square meters for the smarthouse in Munich: Communications system provider Avaya has the biggest lease on 1,600 square meters. The software developer Gracenote will occupy 600 square meters, while recycling consultancy firm, Carpe Dies Consulting has a lease for 320 square meters. Triple F, a company involved in moving image communication, has secured one floor with a roof terrace and will be using around 320 square meters. A further 280 square meters have been let to ExB Communications Systems. In addition, a child day care center with an area of 650 square meters, and an outdoor play area of 340 square meters, is being created. Tenancies will start in April or May 2013. Around three-quarters of the 22,000 square meters of rental space have now been let.

The IT company Incadea has already moved in to its office which covers 1,800 square meters. The advertising agency Mov.ad has taken a lease on 500 square meters. HOCHTIEF Solutions has brought together its Munich units—which were previously spread around the city—and is housing them in an office space of around 8,300 square meters at its HOCHTIEF House Munich, which has its own entrance at St.-Martin-Strasse 57. In addition, the bakery and patisserie Rackls Backstubn is opening a 100-square-meter bakery and café, which will also have outdoor seating in the public, landscaped inner courtyard. This month saw the opening of “Gecco”, a restaurant serving Italian cuisine and lunches. It occupies around 350 square meters, as well as a south-facing outdoor area of about 100 square meters.

Completed in September 2012, the smarthouse provides 18,800 square meters for offices, as well as 2,500 square meters of retail and catering space. The seven-story building that runs along St.-Martin-Strasse, to the corner of St.-Cajetan-Strasse, has six separate addresses, each with their own entrance areas. The smarthouse has already received Gold precertification from Deutsche Gesellschaft für Nachhaltiges Bauen (German Sustainable Building Council) and its features include a geothermal plant for draft-free air-conditioning of the building.

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

This release was published on openPR.