IVG: Sustainability Oscar awarded to IVG for 'An den Brücken' project in Munich (DE)

At a gala event held in the Vulkan Halle in Cologne, IVG's development project 'An den Brücken' in Munich was awarded the Sustainability Prize 2011 by the trade journal Immobilienmakler. The event was attended by 370 guests from the real estate, construction and financial sectors.

An den Brücken - München

IVG's 'An den Brücken' project in Munich.

The following reasons were cited for the award of this prize: "IVG has developed the project 'An den Brücken' on a railway complex, not far from Munich's central railway station, which had not been used for many years. IVG applied renewable and pioneering technologies in the construction of the building. Heating and cooling are powered by geothermal energy through building component activation, individually controlled through ceiling sails. User comfort is increased by temperature controls for each room, the use of low-emission materials as well as natural lighting and ventilation.

"The first section of the building received LEED Gold certification, while the second section earned LEED Platinum certification, which was granted for the first time in Germany. The property was contributed to IVG's Premium Green Fund, Germany's first specialized fund for sustainable properties."

Dr. Gerhard Niesslein, Spokesman of IVG's Board of Management, emphasized: "Early on, when neither LEED nor other property certification systems were the focus of attention, we charted a clear course towards sustainability with our strategy which was designed to strengthen the environmental and social responsibility of IVG as one of Europe's leading real estate companies."

Dr. Niesslein added that the award of the Sustainability Prize for the best property of its kind also demonstrated externally that the tenants of this property would be offered convincing economic and ecological benefits and that employees would enjoy a high-quality working environment.

A system designed to monitor operating costs was installed early on before the completion of the building. This made it possible to make reliable predictions about future operating costs. This system has also helped IVG to achieve the greatest letting success in the Munich real estate market in the past three years, when nearly 22,000 m² was let to FTI Touristik.

Source: IVG Immobilien AG

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