Press release
HOCHTIEF Projektentwicklung: TIVOLI Garden apartments in Munich sold
TIVOLI Garden apartments in Munich
Over a year ahead of planned completion, HOCHTIEF Projektentwicklung has sold the last of the 30 condominiums at Tivoli Garden. The 90 to 400-square-meter apartments beside the Englischer Garten should be ready to move in at the end of 2014/beginning of 2015. Construction of the terrace building with a living space of 4,900 square meters, and wraparound balconies, began at the end of 2012.
Tivoli Garden is part of a new-build ensemble which also includes the Tivoli Office building which has been sold to AXA. The two seven-story buildings stand at right angles to each other. These are the only new buildings within the nature reserve between the Isar and Eisbach rivers. They are part of Tucherpark, and pick up on the pagoda-like facade design of the existing complex of architecture which enjoys protected heritage status. A shared, two-story underground parking garage will provide space for around 120 cars.
HOCHTIEF Projektentwicklung as a subsidiary of the HOCHTIEF Group has been developing, realizing and marketing real estate projects in Germany and abroad since 1991 and is considered Germany's leading inner-city center developer. Its core business comprises office buildings in downtown locations and areas within easy reach of city centers. It also focuses on residential properties, retail properties, and the development of entire urban quarters. HOCHTIEF Projektentwicklung does not build up any property portfolio of its own but operates as an "interim investor" with the goal of selling the projects to a final investor well-let and as swiftly as possible. With its offices in Germany and Europe, the company makes sure it is close to its clients. Sustainable concepts, prime locations, sophisticated architecture and innovative technology make for value creation and cost reductions.
HOCHTIEF Projektentwicklung GmbH
Alfredstrasse 236
45133 Essen
Germany
Gabriele Stegers
Head of Corporate Communications
Tel.: +49 201 824-2282
Fax:+49 201 824-1728
Email: gabriele.stegers@hochtief.de
Web: www.hochtief-projektentwicklung.com
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