Corporate | 7 November 2012 16:15
IMMOFINANZ AG / Key word(s): Real Estate
07.11.2012 / 16:15
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Austria's largest property company is constructing tomorrow's office
building today with state-of-the-art technology and a flexible spatial
concept
Panta Rhei - everything flows - is the melodic name of this exciting office
development project at the heart of Duesseldorf's Airport City. IMMOFINANZ
Group is constructing the building completely under its own direction.
Today marked the official foundation laying ceremony, which was held by the
company together with Duesseldorf's Director of Planning and Construction,
Gregor Bonin, and Christoph Blume, Speaker for the Management Board of
Duesseldorf Airport.
'We took over the Panta Rhei project in full at the end of May. Only two
weeks later we started excavation work, and in August the first lease was
signed for 2,000 sqm. A lot has happened since that time: As you can see,
the construction pit has already been excavated and the cranes have
arrived. We are extremely pleased that work is proceeding this quickly,
which makes it possible for us to lay the foundation stone for this
extraordinary office project today. Here, where we are standing, the Panta
Rhei building will take shape over the next 14 months and we will turn the
offices over to our tenants at the end of 2013. The next contracts should
be signed shortly', commented Eduard Zehetner, CEO of IMMOFINANZ Group, at
the ceremony.
Gregor Bonin, Director of Planning and Construction for the city of
Duesseldorf, emphasised the city's confidence in the Austrian real estate
investor and developer: 'I am very pleased to join in this celebration and
mark the next stage of construction in the Airport City with the laying of
the foundation stone for the Panta Rhei. A foundation laying ceremony
points to a new beginning that is connected with great hopes and good
wishes. The city of Duesseldorf is convinced that the high expectations
placed by IMMOFINANZ Group in the Panta Rhei project will become reality.
We would like to convey our best wishes for the further progress of
construction.'
Christoph Blume, Speaker for the Management Board of Duesseldorf Airport,
underscored the meaning of this project for Duesseldorf Airport in his
speech: 'As the operator of Duesseldorf Airport, we are pleased that
IMMOFINANZ Group has kept its promise: construction started immediately
after the full takeover of the Panta Rhei, and today we are officially
beginning the next phase with the foundation laying ceremony. It is
exciting to watch the progress of construction - the project will increase
the diversity of our Duesseldorf Airport City not only architectonically,
but also with the expected tenants.'
Panta Rhei - a symbiosis of design, engineering and comfort
This seven-floor office building at Duesseldorf Airport will have nearly
10,000 sqm of usable space. Its exterior design is inspired by the Rhine
River: the building's extravagant undulating glass facade provides for the
optimal inflow of daylight as well as a glimpse of the surrounding
landscaped areas. The building concept allows for flexible floor plans and
working areas that can be adapted to meet the needs of tenants. The design
options range from individual offices to open lounges.
Preparations for LEED certification of the Panta Rhei have already started.
That reflects the focus on sustainability and tenant comfort - combined
with the optimisation of operating costs: modern heating and cooling
systems and an exterior sunshade will ensure maximum energy and cost
efficiency. The highest construction standards, top-quality materials and a
comprehensive building management system round out the state-of-the-art
technology.
One of the key features of the Panta Rhei is its location: the third
largest airport in Germany and a hub for intercontinental connections is
only a short walk away. In addition, the city center can be reached in ten
minutes - another highlight of the well-defined concept. That gives the
office building an excellent infrastructure with wide-ranging shopping
alternatives and a diverse gastronomy offering on 365 days per year.
The progress of construction can be viewed via live webcam transmission
under: http://www.panta-rhei.de/en/gallery/live-webcam
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,820 investment properties
with a carrying amount of approx. EUR 10.38 billion. The core business of
IMMOFINANZ Group covers the acquisition and management of investment
properties, the realisation of development projects and the sale of
objects. IMMOFINANZ Group concentrates its activities in the retail,
office, logistics and residential segments of eight regional core markets:
Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and
Russia. Further information under: www.immofinanz.com
Contact:
For additional information contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ AG
M +43 (0)1 88090 7312
investor@immofinanz.com
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)1 88090 2291
investor@immofinanz.com
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)1 88090 2292
M +43 (0)699 1685 7292
communications@immofinanz.com
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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