HOCHTIEF Projektentwicklung has sold the Loftwerk office property at the Helfmann Park office development off plan. DIC Asset AG acquired the office property for the real estate special fund 'DIC Office Balance I' for around 44 million.
Almost 75% of the Loftwerk building is already let.
The first section should be ready for occupancy in October 2012, with final completion due at the end of this year. Almost 75% of the Loftwerk building is already let.
The office ensemble is made up of a U-shaped and an I-shaped section and has a total rental area of 14,700 m². Future tenants include St. Jude Medical, a company involved in medical equipment technology (around 3,920 m²), and the human resources service provider, Randstad (approx. 1,740 m²).
In addition ConCardis, a service company in the area of cash-free payment transactions, has secured around 4,700 m². The office ensemble is being designed with loft elements, such as the characteristic lattice windows. Loftwerk has received Silver pre-certification from the German Sustainable Building Council.
With Helfmann Park HOCHTIEF Projektentwicklung is creating an entire office development: Four new buildings have been completed, fully let and sold to date. An existing hotel has been integrated into the complex. The concept foresees a total of five office properties and a combined office-hotel property, standing on a landscaped avenue. Following Loftwerk, the overall development will be completed to plan with the Quadron office building.
Source: Hochtief Solutions AG