References

Kronstädter Park | Köln-Weiden

The project "Kronstädter Park“, jointly realized by Frey AG and CONVALOR, deals with the implementation of about 6,500 sqm BGF on a developed site in "Kronstädter Straße" in Weiden, the western part of Cologne. On the basis of an existing legally binding zoning plan the developer erected 60 apartments in an elegant residential complex with many open spaces and a view to open fields, distributed in 8 houses. There are max. 8 apartments in a house with 2-3 apartments each floor, including penthouse apartments with roof terraces. The houses were built in KfW 55 standard and are supplied by a biomass heating system. The underground car park is used by the "Kronstädter Straße", so that no traffic disturbs the harmonious living inside the housing area.

Zündorfer Gärten | Köln-Porz

CONVALOR and Stefan Frey AG have realized the construction of 4 detached houses and 24 semi-detached houses on a property of 6,325 sqm in "Houdainer Straße / Zum stumpfen Kreuz", beginning in May 2016. The neighborhood is perfect for small families that prefer a quieter environment for living and is located in close proximity to the Rhine with its own marina house. The houses have residential areas between 138 and 220 sqm on real property of about 185 - 339 sqm.
The plots are within the scope of a legally binding zoning plan and could be made ready to be built in a short time by means of a quick building permit procedure. 8 different types of houses were offered on two construction fields.

K14 Business Park | Berlin

The project partners BEOS AG and CONVALOR jointly have acquired a built-up site of approx. 4,700 sqm in “Kaiserin-Augusta-Allee“ in Berlin. It is planned to enhance the rented commercial building by extending it and re-renting almost half of the existing spaces after the implementation of improvements. The object was built in 1968 and sporadically modernized between 1984-1992. It impresses with a good building fabric and a versatile area structure with mixed uses of office facilities, storage / production spaces and retail spaces as well as a parking deck with 78 parking lots. The area is located within close proximity of the city. The under-rent of the office facilities at the time of the acquisition as well as the mix of short-term rentals and high-rated major tenants with long-term leases offered a high potential for increased value as part of the new lettings on the one hand, on the other hand also a long-term existing cash flow stability. After the development of 3 years the property shall have about 9,800 sqm of rental space. The property was sold within an asset deal prematurely in the 2nd year of development.

Mayfair | Köln-Junkersdorf

CONVALOR and its longtime partner Stefan Frey AG have created exclusive city villas with a total of about 1,110 sqm living space in Cologne. The land is located between "Amselstraße" and "Goldammerweg" in the district of Junkersdorf, that has been characterized by garden-like settlements since the 1920s. The proximity to the outer green belt attracts mainly families who appreciate the rural charm of the district and still want to live close to the city. In the first construction phase along ‘‘Amselstraße“, the project company realized an unconventional variety of a house designed by the architect‘s office Mronz + Schaefer from Cologne. The concept has already proven itself in major cities such as London (Mayfair) or Paris. The outdoor area gives the environment a park-like character. There have been erected 5 villas each with approx. 165 to 402 sqm of living space and a common underground parking.

Benrather Schlossallee | Düsseldorf

CONVALOR has acquired 63 apartments held in individual property on a land with hereditary building right as well as 58 parking lots. The purchase objects were bought from insolvency assets with the objective of resale to investors and owner occupiers. The leased, well-tended apartments that were built in 1997 are part of an idyllic residential complex with a view to the Rhine river or to the quiet green inner courtyard and are located in the corner of "Benrather Schlossallee / Steinkribbenstraße" in the district of Benrath in Düsseldorf. Renovation or construction work were carried out only to a small extent at new rentals. You can reach the federal road B8 as well as the A59 highway only in few minutes by car and the Benrather railway station and Düsseldorf's main railway station quickly by train from the tram stop that is located directly in front of the entrance of the residential complex.

Q-West Business Park | Munich Maisach

In cooperation with BEOS AG CONVALOR developed as of 2016 a business complex with approx. 15,600 sqm of usable floor area and additional expansion options in Munich-Maisach. Within three years the vacant property was restructured to a flexible usable site for various tenants by supplementing additional production and office areas as well as revitalization of the existing spaces. The object now provides a total of about 17,700 sqm rental area.
The former site of the print company "Süddeutsche Societäts-Druckerei" covers approx. 37,700 sqm of land area and it was only in 2000 that it was built for an owner-occupier. It is characterized by its high surface quality as well as its high-quality building technology and stands out particularly through its attractive architecture.

Löwen-Quartier | Köln-Ehrenfeld

CONVALOR has invested into the project company, named “KD Stadtsanierungsgesellschaft Ehrenfeld mbH & Co. KG“, which was supported by Stefan Frey AG. The partners intended to realize approx. 12,000 sqm of gross floor housing space on a nearly 10,000 sqm property in “Alsdorfer Straße“ in Cologne Ehrenfeld. The zoning plan procedure was initiated at the end of 2016.
After all the hold shares in the project company were sold to the corporation Pandion Real Estate GmbH in April 2018 who will continue the action plan on the acquired site and on the owned neighbouring property based on the current zoning plan procedure.

Waldbadviertel | Köln-Ostheim

As in other cities the comparatively little completion of new housing space over the last years led to higher prices for objects especially those suitable for young families. The project “Waldbadviertel”, jointly realized by CONVALOR and Stefan Frey AG, was an offer affordable for almost any family to acquire a row house. By way of leasehold (heritable building right) the monthly payments for the buying price are in most cases lower than the rent for a comparable apartment. Through a close and efficient collaboration of the builder and his construction companies costs will be minimized from the start. Furthermore several groups of houses are pooled to joint ownerships to reduce overheads. Above several ways of government aid are available and can be factored in the funding. This building project once again proves CONVALOR’s philosophy that home ownership must not be limited to people of high income. The last row house was sold at the end of November 2017 and the remaining buyers will move into their new home by March 2018.

Cologneo I and Cologneo II | Köln-Mülheim

As part of a corporation with other project development companies CONVALOR was involved in the acquisition and development of 104,000 sqm of industrial wasteland in the district of Mülheim, Cologne. The property originally known as “Euroforum Nord“ and “Euroforum West“ is partially built up with historic industrial buildings and is situated next to the Cologne fairground and Mülheim harbour. At a place, where once engines were built, a new liveable quarter with a mixture of housing, commercial use and creative businesses is about to rise. The properties are now named under “Cologneo I and II”. Cologneo I is located between the railway line and "Deutz-Mülheimer-Straße". The planned development covers about 400 apartments, a daycare center, a local shopping centre and offices as well as space for cultural activities. In the planning area of Cologne II, which is situated between the railway line and "Auenweg“ along the emerging promenade at the harbor, it is planned to develop approx. 90,700 sqm BGF commercial and residential space. After completion of the current zoning plan procedure, that was introduced in December 2015, the development and preparation of these properties is to begin. The project developer CG Gruppe AG from Berlin has taken over the majority of the hold shares in both project companies ( www.cg-gruppe.de).

Paulsmühlenquartier | Düsseldorf Benrath

Artemis Stadtsanierungsgesellschaft Objekt Benrath mbH & Co. KG is developing an attractive residential quarter on a former industrial area in the district of Benrath in Düsseldorf. A total of about 400 apartments of residence are planned to be built in four block constructions. In September 2017 the majority of the company shares was sold to Vivawest Wohnen GmbH. The project management all the way to the turnkey approval will be continued by Stefan Frey Immobilien-Projekt-Steuerung-Gesellschaft. As part of the municipal procedure of experts the state capital Düsseldorf and the citizens jointly discussed the project and its potentials to develop the neighborhood into a more lively and attractive one – particularly the public pedestrian and cycle path connecting Telleringstraße to the station of Benrath provide a better connection between the two neighborhoods “old” and “new” Benrath. Besides approx. 7,000 sqm publicly funded rental housing privately financed rental housing as well as two day care facilities for children are to be erected.

Im Königshain | Bergisch Gladbach

In February 2015 CONVALOR had a 50 % share in the project company KD Sanierungsgesellschaft Frankenforst mbH & Co. KG. Together with Stefan Frey AG CONVALOR acquired sites in "Frankenstraße“ and "Im Hain“ in Bergisch Gladbach and constructed 10 semi-detached houses and 4 single-family houses on 5,586 sqm site area. The sites are situated in the district Frankenforst, close by Bensberg, and only few minutes away from the next train stop (line 1) and highway to the city of Cologne. The area offers opportunities for family activities in the nearby forest of Königsforst and the recreation park Saaler Mühle and provides important institutions and public facilities such as hospitals, kindergarten, primary and secondary schools within walking distance.

Plug & Study Home | Köln-Ehrenfeld

In the corner of Melatengürtel / Grüner Weg on the project property “WEKO“ a residential building with a total of 93 student apartments on four floors and a staggered storey is being erected on approx. 1,300 sqm. The apartments are between 20-25 sqm and fully furnished. A planned library, a recreation room, a laundry room as well as underground parking spaces and parking spaces for bicycles may not be missing in the everyday life of the students as well.
The development measures will be carried out by Stefan Frey AG, that has meanwhile taken over the shares of CONVALOR in the project company. After the demolition of vacant halls of the former office furniture factory “WEKO“, the construction has began in 2017 after the building permit has been granted. The apartments are expected to be completed by August 2018 with the objective of letting the students move into their apartment on time for the winter term. Especially Cologne is one of the German university cities where high school students have a particularly hard time finding an accommodation during their studies. More and more property developers are trying to close this gap with centrally located apartments.

Amplio Fam Yapi Housing | Istanbul

At the hands of Turkish corporation Amplio Emlak Yatırım A.S., of which CONVALOR holds a majority since 2007, CONVALOR made an investment in a municipal development project called Halicenazır at Istanbul’s Golden Horn. On a property of 25,000 sqm modern apartments and business premises will be put up for the former inhabitants of this previously spoilt area. After extensive preparatory work, Amplio has now brought the project site into the housing association of the municipality of Beyoglu "TOKI", which is driving the project development further. Amplio is involved in the project's success with around 5,500 sqm of completed apartments.

Konrad-Adenauer-Ufer | Köln

At "Konrad-Adenauer-Ufer", a top quality location directly at the bank of river Rhine, CONVALOR has developed a newly constructed office building jointly with PARETO GmbH, the project developer of the bank Kreissparkasse Köln. At the stage of development the building was completely rented to the Bank for Social Economy that is located in Cologne as well. On the premises of 4,250 sqm a 1936 erected historic building is found, that during the 1980s was complemented by a office building. This building was replaced by a new erected, modern office building while the old, listed building has been carefully modernised. The new construction received the LEED Gold Certification and according to the Green Building Information Gateway, which lists green buildings all over the world, it is the first office building in Cologne that achieves this international seal in gold standard. LEED (Leadership in Energy and Environmental Design) is an international sustainability seal. The development is based on plans by the architect’s office Jürgensen & Jürgensen from Cologne. Its intention was to combine a refurbished old structure with a clearly modern 6-storey building that are connected with a transparent glassy section. The project’s volume is about 38 million euro. In January 2017 the office building was occupied by the Bank for Social Economy with around 250 employees and is now the new representative headquarter of the bank in Cologne.

Georg Simon Ohm Houses | Köln-Porz

The project “Georg-Simon-Ohm-Häuser” is situated in Urbach between the Rhine and Wahner Heide at the edge of the so called Physikersiedlung, a housing complex that has been thoroughly refurbished over the last ten years and thus has attracted many buyers from the left bank of the Rhine. Public transport is within walking distance and although the Cologne Bonn airport is only ten minutes by bus the Physikersiedlung is not in the air corridors and not affected by aircraft noise. With its forward-looking concept the “Georg-Simon-Ohm-Häuser” are setting new standards within the Physikersiedlung: 53 freehold apartments in 3 buildings were erected accessible for people with impairments, some houses furthermore receive underground garages with lifts to allow their owners barrier-free access to their cars. Ground floor apartments are leading to large gardens, the penthouses are having spacious west-facing terraces and French windows are creating a light and friendly atmosphere. Besides the buildings meet the latest energetic standards and the heating supply are also biomass derived. The last unit were sold and handed over at the end of 2016.

Markona II | Köln-Ehrenfeld

The residential area “Markona II” was established in cooperation with Stefan Frey AG, Cologne. It is situated in the district of Neuehrenfeld, Cologne. For this residential area four townhouses with 48 apartments and four garden mansions with 28 apartments with a size from 56 to 154 sqm were being built. Centre of the borough is the Lenau square with its buildings from the late 19th century. Besides "Blücherpark" is a nice place to promenade within walking distance as well as the green area of "Rochusstraße". Kindergartens and schools, public or independently operated, are nearby as well as the city centre of Cologne that is at a distance of four kilometre easily be reached by public transport. As with other projects the developer set great value upon sustainability building: With “Markona II” the housing replaces old lodgings and concentrates the existing traditional quarter. The local heating supply is biomass-derived and the underground carpark holds enough space for 80 bicycles.

V12 Thessaloniki | Köln-Kalk

In "Thessaloniki Allee" in the rising district of Kalk, Cologne, CONVALOR has located a housing project called "V12” together with Stefan Frey AG. It consists of 52 city apartments in 3 residential buildings and is situated alongside the redesigned green area "Bürgerpark”. An environment that consists of various shopping streets, the shopping mall "Köln-Arcaden”, a newly opened kindergarten and a science museum called Odysseum characterizes the infrastructure. Penthouses with view on the Cologne Cathedral, small apartment units facing a green inner courtyard, a very clear architectural style and the highly efficient and sustainable heating supply illustrate CONVALOR’s core themes regarding the construction of houses.

Max-Wallraf-Höfe | Köln-Braunsfeld

Braunsfeld is the heart of Lindenthal, a sought-after district in the west of Cologne. It is here that CONVALOR in association with Stefan Frey AG has erected the project “Max-Wallraf-Höfe”, an ensemble of four residences with 108 freehold apartments. The appealing architecture of Cologne’s architectural office a+m Architekten well matches facilities of high quality such as large balconies, terraces or small gardens and the Braunsfeld grove “Birkenwäldchen” that is owned by the community association. The buildings are close to the “Technologiepark Braunsfeld” and the main road "Aachener Straße". Very good transport connections as well as schools, kindergartens, parks and neighbourly togetherness are characterizing this urban construction development.

Physikersiedlung | Köln-Porz

Together with the real estate company Stefan Frey AG CONVALOR has acquired a property of about 80,000 sqm located centrally in Porz, a borough of Cologne. It is here where 379 residential units were being built since 2006 in single and multi family houses in a residential development named "Physikersiedlung“. In renovated buildings as well as new buildings the "Physikersiedlung” has offered homes at reasonable purchase prices especially to young families. The new buildings feature high energy efficiency and low CO2 emissions and hereby entitle to public funding. Modern town houses were sold already from EUR 180,000, freehold apartments from EUR 99,000. The investment volume was around EUR 67.8 million.

Heidekarree | Köln-Dellbrück

In association with Stefan Frey AG, Cologne, CONVALOR has erected 144 apartment units in the residential area “Heidekarree” in the district of Dellbrück, Cologne since 2006. The apartment sizes are from 47 to 113 sqm. Renovated old buildings together with newly constructed buildings both based on the Bauhaus style are providing high-level equipment such as parquet floors. Many apartments are barrier free and each of the larger ones has two fully equipped bathrooms. Particular importance was attached to power efficiency: 60% of the required heat is derived from renewable energies and even the renovated old buildings are meeting the KfW-70 standard.