|Share Convalor||50 %|
|Residential space in sqm||3.900 BGF|
|Business space in sqm||12.000 BGF|
In cooperation with Stefan Frey AG Convalor acquired the premises of the furniture factory “WEKO“ in the district of Ehrenfeld, Cologne, in December 2013. The site is situated between "Melatengürtel", "Vogelsanger Straße" and "Grüner Weg" in the heart of Ehrenfeld. Though many buildings are abandoned the property is characterized by its previous usage by the manufacturer of office furniture.
The project partners intent to erect mainly commercially used areas (i.a. office lofts) mixed with town apartments on a minor space along "Vogelsanger Straße". The planning area is within the scope of a legally binding zoning plan. Initially the planned apartments will be ready for sale in the first half of 2018.
The development aims to carefully establish a new urban housing and commercial area. The old buildings will be torn down and the site will get a new infrastructure. As Convalor generally strives for socially acceptable, modern and sustainable housing the current tenant’s and neighbour’s concerns surely will be considered.