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Press Releases from HOCHTIEF Projektentwicklung GmbH (8 total)

HOCHTIEF Projektentwicklung sells Height3 hotel development in Hamburg

First new building on former “Spiegel Island” to be an Adina Apartment Hotel—Commerz Real acquires property off plan HOCHTIEF Projektentwicklung has sold Height3—the future Adina Apartment Hotel at the Hamburg Heights urban quarter—to Commerz Real. HOCHTIEF Projektentwicklung intends to start construction this year once the construction permit has been granted. The building is due to be handed over to its operator in Q3 2017, and will be placed in Commerz Real’s

HOCHTIEF Projektentwicklung sells multi-use Munich facility at Arnulfpark

Munich based WealthCap buys Business Center with mall, event area and Central Bus Station HOCHTIEF Projektentwicklung has sold Munich’s Business Center with Central Bus Station (ZOB) located at Arnulfpark to WealthCap. The selling price is said to range in the mid-two-digit millions. Completed in 2009, the facility has a rentable floor space of about 36,500 square meters, with 98 percent already occupied. The Business Center around the ZOB is used for

HOCHTIEF Projektentwicklung: Construction start for MAXIII office building in Mu …

Legal firm secures entire office and storage space of over 5,500 square meters at Maximiliansplatz 13 HOCHTIEF Projektentwicklung has let the MAXIII office building in the heart of old Munich ahead of construction. The international legal firm of Freshfields Bruckhaus Deringer will use the entire 5,500 square meters of office and storage space. The seven-story building at Maximiliansplatz 13 is due for completion in mid-2015. MAXIII is to be built on a

DreiEins office and commercial building sold

About 6,300 square meters of office and commercial space being developed at Düsseldorf’s le flair The HOCHTIEF Projektentwicklung and INTERBODEN Innovative Lebenswelten joint venture has sold the DreiEins office and commercial building at the le flair residential urban development in Düsseldorf to Cologne firm DERECO for a private placement for a Dutch Family Office. The purchase price was around EUR 15 million. Some 40 percent of the approximately 4,300 square meters

HOCHTIEF Projektentwicklung sells smarthouse in Munich

Competo Capital Partners acquires office and commercial building for investor consortium HOCHTIEF Projektentwicklung has sold the smarthouse in Munich to Competo Capital Partners. The real estate company acquired the office and commercial building which was completed in 2012 for the “Competo BestandPlus” investor consortium that it represents. It was agreed that the purchase price would not be disclosed. Around 90 percent of the seven-story smarthouse’s 22,000 square meters are let. Apart from

HOCHTIEF Projektentwicklung: TIVOLI Garden apartments in Munich sold

All 30 condominiums in terrace building at Tucherpark sold—completion planned for end 2014/beginning 2015 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

HOCHTIEF Projektentwicklung signs further lease agreements for mercatura in Aale …

About 70 percent of commercial space already let HOCHTIEF Projektentwicklung has let a further 2,000 square meters at the Aalen urban district development, mercatura: The new tenants are Gerry Weber, Shoetown Werdich, 1982, the bakery Backparadies Berroth, Feichtenbeiner’s country butcher, Kristall-Eleganz which sells jewellery, and a juice bar. This means that just under one year before the official opening, 7,800 square meters—or almost 70 percent of the commercial space—has been let

Rental successes at Capital Square in Budapest

First project of HOCHTIEF Development Hungary to be completed in early 2009 HOCHTIEF Development Hungary, the Hungarian subsidiary of HOCHTIEF Projektentwicklung, has found more tenants for Capital Square. The Hungarian electricity provider Budapesti Elektromos Müvek Nyrt (ELMŰ) signed up for almost 4,000 square meters of space. On another 1,500 square meters, the first office services center of FirstClients, a newly founded company providing office services, will be opened on April 1,

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