• CA Immo and PATRIZIA agree on joint venture
• Demolition work already well underway
• Building permits in the pipeline

The realisation of this project is scheduled to start as soon as the land-use planning process involving the City of Munich and CA Immo is complete. Demolition work on the site is already well underway.

This newly announced joint venture will handle broad sections of the planned construction activities in the Baumkirchen Mitte development project initiated by CA Immo. Together, CA Immo and PATRIZIA will lay out the quarter’s intended residential building plots as well as develop land designated for high-end commercial use (e.g. offices). In total, this joint venture between CA Immo and PATRIZIA covers approximately 29,000 m2 (312,153 sq. ft.) of land, with planned gross floor space of around 45,500 m2 (489,757 sq. ft.) for apartments and around 18,500 m2 (199,132 sq. ft.) for offices.

“PATRIZIA is a partner that immediately shared our vision of creating a high-end, lively quarter at this location. Not only that, but this partnership can and will allow us to make the quarter even more dynamic. We both want to start work as soon as possible and have this quarter up-and-running as soon as we can,” affirms Dr. Ralf Schneider, Head of CA Immo in Munich.

“We are delighted to be working on this project with a partner as reputable as CA Immo,” says Jürgen Kolper, Managing Director of PATRIZIA Projektentwicklung. He is PATRIZIA’s opera-tions-level representative in charge of developing the Baumkirchen city quarter and expanding the company’s nationwide activities. With ongoing developments in Augsburg, Munich, Düsseldorf, Frankfurt, Hamburg and Cologne, the value of projects in this sector is fast approaching 700 million euros.

The land-use planning process now being carried out by the City of Munich covers the entire area surrounding former railway repair plant 4 in Munich’s Berg am Laim district. This area has one boundary to the east, Baumkirchner Strasse, and one to the south, Neumarkter Strasse. Until this announcement, CA Immo was the major owner of this 131,100 m2 (1,411,148 sq. ft.) of land. One of the fascinating aspects of this particular development is that around 50 % of the overall site (62,000 m2/667,362 sq. ft.) will not be built on, but will instead be kept and developed further as an ecological conservation area. Special paths will open up the area – which is currently inaccessible – to future residents, neighbours, and the general public. Overall, this future mixed-use quarter is scheduled to extend across 80,000 m2 (861,112 sq. ft.) of gross floor area. Of this, the majority (50,000 m2/538,195 sq. ft.) will be used for around 490 planned apartments of various sizes for approximately 1,100 residents. There are also plans to construct a local amenity centre on Baumkirchner Strasse as well as two childcare facilities to serve the quarter. The sports club which currently enjoy the use of this land will be moving to a newly built sports hall on a neighbouring plot on Neumarkter Strasse.

The defining highlight of this quarter will be its generous and expansive green spaces. As well as the conservation area to the west, another 34,000 m2 (365,972 sq. ft.) on the built-up east side will be given over to public and private green spaces. Of this, around 3,000 m2 (32,291 sq. ft.) will take the form of roof gardens for use by all future occupants of the residential buildings.

The land-use planning process is based on an international urban planning and landscaping competition run jointly by the City of Munich and CA Immo in 2010. Draft concepts from urban planners Peter Ebner & Friends (Vienna) and landscape planners Mahl Gebhard Konzepte (Munich) won the contest. As per the current timeline, the planning process should be completed by the end of this year. Initial construction work could begin immediately afterwards. In preparation for building on the land, all of the derelict and unsaveable buildings in the former repair plant are being demolished. This work is expected to finish in spring 2012.

Adress any questions to:
CA Immobilien Anlagen AG
Mag. Julia Müller
Tel.: +43/1/532 59 07-581
eMail: julia.mueller@caimmo.com
www.caimmo.com