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HOCHTIEF Projektentwicklung lets further offices at Hirschgarten in Munich

04-10-2013 08:05 PM CET | Industry, Real Estate & Construction

Press release from: HOCHTIEF Solutions AG

forum am Hirschgarten: office complex in Munich

forum am Hirschgarten: office complex in Munich

Around 42 percent of rental space at office and business center at the Am Hirschgarten urban development has been let—Completion at end of 2013

HOCHTIEF Projektentwicklung has let 3,000 square meters of office space at the forum am Hirschgarten complex in Munich to Müller-Boré & Partner: The patent and legal firm will be occupying two complete floors in the more southerly of the two buildings. Almost 40 percent of the office space is thus now let. From the beginning of 2014 the office and business center will cater to the daily needs of the new Am Hirschgarten urban development: A good 55 percent of the commercial space has already been let. Shell construction work was completed in December 2012.

The forum am Hirschgarten office and business complex comprises one seven-story building, and a second building of up to eleven floors, sited on a car-free plaza. There is also an underground parking garage for 400 cars. The total rental area of around 33,000 square meters is divided into approximately 25,000 and 8,000 square meters of office and commercial space respectively. The anchor commercial tenant will be a REWE supermarket, with a rental area of 2,000 square meters. In addition, a 1,100-square-meter Aldi discount store, a 700-square-meter Alnatura organic supermarket, and a 650-square-meter dm drugstore will all be taking up residence. Furthermore, the Stadtsparkasse Munich will be opening a bank service point. With regard to the office space, 5,000 square meters have been let to the patent lawyers Epping Hermann Fischer, and 1,500 square meters to a real estate company. The forum am Hirschgarten urban development holds Silver precertification from the German Sustainable Building Council (DGNB).

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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