CA IMMO COMMENCES CONSTRUCTION OF INTERCITY HOTEL NEAR THE MAIN STATION IN BERLIN
Yesterday (Wednesday) CA Immo startet to construct a hotel on the Europacity site, adjacent to Berlin's main rail station.
Steigenberger Hotels AG has signed a 20-year lease agreement for the eight-storey building. The upper-mid-range hotel will be run under the InterCityHotel brand. The total investment volume will be € 53.2 m.
With around 410 rooms, the largest InterCityHotel so far will be situated on the side of the main station facing the Chancellery building. The 30-metre structure has been designed by the architects Reichel + Stauth on the basis of an existing urban planning concept.
The building will have gross floor space of 19,800 sqm and accommodate roughly 70 parking spaces. Two commercial units (not part of the hotel itself) will connect the building to the local area and, it is hoped, breathe life into the public spaces. The hotel is scheduled for completion in the second half of 2013.
Europacity district developing fast
The Europacity development project covers some 40 hectares directly adjacent to Berlin's main rail station. Along with the state of Berlin and Deutsche Bahn (the German national railway company), CA Immo is one of the main landowners on the site with around 20 hectares. In addition to the InterCityHotel, CA Immo is constructing the new German headquarters of the oil company TOTAL on the same site. Three other companies have acquired plots of land in the Europacity area with a view to realising their own development projects. A mixed-use city district is thus poised to emerge gradually on the site over the next few years; various residential, occupational, cultural and leisure facilities will combine to create a vibrant new quarter for the city. Extensive areas of parkland and greenery, a promenade alongside the canal and a new, centrally located city harbour will ensure a high quality of life.
Pictures in High Resolution:
<link fileadmin bilder europacity_baumassenmodel.jpg _blank download>Baumassenmodell Europacity
<link fileadmin bilder intercity_hotel_europacity.jpg _blank download>Intercity Hotel
About CA Immo
CA Immo was founded in 1987. The company develops and invests in commercial real estate (and in particular offices) in Austria, Germany and Eastern Europe. Taking account of properties worth some € 1.5 bn acquired through the takeover of Europolis, CA Immo's property assets at the start of 2011 stood at just over € 5 bn. The proportion of the Eastern and South Eastern European segment in the portfolio as a whole has expanded from around 19 % to over 40 %, bringing it onto a par with the German segment. CA Immo is listed on the Vienna Stock Exchange, with free float of around 83 % at the present time.
Thursday, 13. October 2011 15:03