In the following, we present three exciting project developers of office properties that are also part of our list. The focus is on current construction projects and the investment volume, as well as the history of the project developers. This article is based on the unique List of the 1000 largest project developers in Germany.
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1. Aurelis Real Estate GmbH (Eschborn)
Aurelis Real Estate is a nationwide asset manager and project developer focusing on corporate real estate in metropolitan regions. A special development focus is on cooperation with municipalities and on the revitalization or refurbishment of properties. Projects with office space are a mainstay of Aurelis Real Estate. A characteristic refurbishment project with an office orientation was “Die Direktion” in Münster. Aurelis thoroughly refurbished, converted and modernized the former headquarters of the Federal Railways in the university city. 24,000 sqm of rental space could be reallocated and used for other purposes. The building has since been sold.
2. DC Developments GmbH & Co KG (Hamburg)
DC Developments has been involved in project development since 2007. Although the company is primarily involved in residential real estate, its activities also cover commercial real estate, including office properties. Projects in the range of EUR 30 million to EUR 250 million are targeted. Good to very good locations in German metropolises are sought, and in the case of special opportunities also in the European region. One of DC Developments’ first office projects was the CENTURION COMMERCIAL CENTER in Hamburg’s HafenCity. Here, an eight-storey office tower with 15,000 gross floor area was realised in a joint venture with Wölbern Invest in a prime location from 2008 to 2010 – project volume 75 million euros.
3. ABG Real Estate Group Hamburg (Frankfurt)
ABG Real Estate was founded in 1967 in Munich as Allgemeine Bauträger Kommanditgesellschaft – ABG for short – and is not to be confused with ABG Holding, a major housing company of the city of Frankfurt. In its three business divisions Development, Real Estate Management and Capital, ABG Real Estate offers a comprehensive range of services for real estate development, management and investment. Project developments take place in the ABG Development division and include large-volume office and commercial buildings in prime inner-city locations in major German cities. One example of this is the Skyper office tower in Frankfurt, which was completed in 2004/2005 and has an area of approx. 63,000 sqm – project volume 520 million euros.