sonnengarten glienicke an investment in the future - NCC ...
sonnengarten glienicke an investment in the future - NCC ... sonnengarten glienicke an investment in the future - NCC ...
SONNENGARTEN GLIENICKE AN INVESTMENT IN THE FUTURE
- Page 2 and 3: 2 MAKING STAR INVESTMENTS LASTING S
- Page 4 and 5: 4 INVESTING ON GOOD GROUNDS INFORMA
- Page 6 and 7: THE PROPERTY The Sonnengarten Glien
- Page 8 and 9: 8 APARTMENT OUTFITTINGS The apartme
- Page 10 and 11: 10 ECONOMIC OUTLOOK The municipalit
- Page 12 and 13: 12 LOCATION AND SURROUNDINGS THE HE
- Page 15 and 16: CONSTRUCTION AND PROPERTY DEVELOPME
- Page 17 and 18: REFERENCES 17
SONNENGARTEN GLIENICKE<br />
AN INVESTMENT IN THE FUTURE
2<br />
MAKING STAR INVESTMENTS<br />
LASTING SECURITY REQUIRES A SOLID FOUNDATION. THIS BASIC PRINCIPLE<br />
APPLIES TO BOTH PRIVATE AND PROFESSIONAL SPHERES – AND ESPECIALLY TO<br />
LONG-TERM REAL ESTATE INVESTMENTS.<br />
The Sonnengarten project thoroughly benefits from our<br />
120 years of experience <strong>in</strong> <strong>in</strong>ternational construction<br />
<strong>an</strong>d <strong>the</strong> expertise of our staff. In recent years, a friendly<br />
residential neighborhood has evolved <strong>in</strong> <strong>the</strong> heart<br />
of Glienicke. It is a community that features varied<br />
apartment types <strong>an</strong>d privately owned homes as well<br />
as <strong>an</strong> <strong>in</strong>frastructure with all <strong>the</strong> comforts of upper<br />
middle-class liv<strong>in</strong>g.
A 2<br />
A 9<br />
A 10<br />
SONNENGARTEN The last 500 apartments, mak<strong>in</strong>g up <strong>the</strong> rema<strong>in</strong><strong>in</strong>g<br />
30% of this sought-after property <strong>in</strong> nor<strong>the</strong>rn Berl<strong>in</strong>,<br />
are now be<strong>in</strong>g offered to <strong>in</strong>vestors.<br />
A 115<br />
A 111<br />
Tegel<br />
GLIENICKE<br />
A 100<br />
A 114<br />
Tempelhof<br />
BERLIN<br />
Schönefeld<br />
A 11<br />
A 10 A 13<br />
A 10<br />
Sonnengarten Glienicke: <strong>an</strong> <strong><strong>in</strong>vestment</strong> <strong>in</strong> <strong>the</strong> <strong>future</strong>.<br />
3
4<br />
INVESTING ON GOOD GROUNDS<br />
INFORMATION ON THE FOUR REMAINING SECTIONS<br />
The f<strong>in</strong>al four sections of <strong>the</strong> project, conta<strong>in</strong>ed on a<br />
41,500 m² plot with 36,000 m² of liv<strong>in</strong>g space, are<br />
scheduled for completion <strong>in</strong> March 2010. Approxi mately<br />
500 liv<strong>in</strong>g units are be<strong>in</strong>g built <strong>in</strong> three-story multiplefamily<br />
dwell<strong>in</strong>gs with a stacked penthouse level.<br />
The architecture of <strong>the</strong>se liv<strong>in</strong>g units is conducive to a<br />
modern, market-oriented mix of <strong>in</strong>dividual liv<strong>in</strong>g styles.<br />
Spacious two to four room apartments – available with a<br />
shared garden area or as maisonettes – are ideally suited<br />
for both small <strong>an</strong>d larger households.<br />
SECTION NUMBER LIVING SPACE UNDERGROUND PARKING SPACES SCHEDULED COMPLETION DATE<br />
C3 7,865 m² 30 September 2008<br />
C2 approx. 7,865 m² approx. 30 May 2009<br />
B3 approx. 10,420 m² approx. 40 October 2009<br />
B1 approx. 9,850 m² approx. 40 March 2010
PROJECT ADDRESS<br />
Eichenallee/Am Kiesgrund/Ackerdistelweg<br />
16548 Glienicke/Nordbahn (Germ<strong>an</strong>y)<br />
20 terraced houses scheduled<br />
for construction<br />
63 terraced <strong>an</strong>d semidetached<br />
houses<br />
completed <strong>an</strong>d sold<br />
42 terraced <strong>an</strong>d semidetached<br />
houses<br />
under construction<br />
<strong>an</strong>d available for sale<br />
INFORMATION ON SECTION C3<br />
Unit Scheme: 104 units <strong>an</strong>d 1 underground<br />
garage (assigned park<strong>in</strong>g spaces)<br />
B1 B3<br />
C2<br />
44 Units (42%): two-room apartments, <strong>in</strong>clud<strong>in</strong>g<br />
4 h<strong>an</strong>dicapped accessible<br />
46 Units (44%): three-room apartments, <strong>in</strong>clud<strong>in</strong>g<br />
8 h<strong>an</strong>dicapped accessible<br />
14 Units (14%): four-room apartments, <strong>in</strong>clud<strong>in</strong>g<br />
a number of maisonettes<br />
C3<br />
830 s<strong>in</strong>gle-story<br />
apartments completed<br />
<strong>an</strong>d sold<br />
120 terraced <strong>an</strong>d<br />
semi-detached houses<br />
completed <strong>an</strong>d sold<br />
Shopp<strong>in</strong>g center<br />
with <strong>an</strong> 8,000 m²<br />
sales floor<br />
Construction on section C3 beg<strong>an</strong> <strong>in</strong> February 2007 with<br />
31 apartments. F<strong>in</strong>al completion of construction is pl<strong>an</strong>ned<br />
for J<strong>an</strong>uary 2008. The beg<strong>in</strong>n<strong>in</strong>g of lett<strong>in</strong>g is pl<strong>an</strong>ned<br />
for February 2008. At that time, three sample apartments<br />
<strong>in</strong> various decoration styles will be available for view<strong>in</strong>g.<br />
5
THE PROPERTY<br />
The Sonnengarten Glienicke project is on a scale of its<br />
own. More th<strong>an</strong> 1,000 s<strong>in</strong>gle-story apartment units,<br />
terraced <strong>an</strong>d semi-detached houses have been designed,<br />
built <strong>an</strong>d sold to date. The bright, sunny apartments<br />
<strong>an</strong>d roomy s<strong>in</strong>gle-family homes <strong>in</strong> a pleas<strong>an</strong>t park sett<strong>in</strong>g<br />
offer plenty of space for children <strong>an</strong>d have made<br />
Sonnengarten Glienicke a successful model.<br />
The <strong>in</strong>vit<strong>in</strong>g architecture is varied <strong>an</strong>d diverse. Individual<br />
house types encircle <strong>the</strong> common green spaces, creat<strong>in</strong>g<br />
clear visual ensembles. The m<strong>an</strong>y gardens belong<strong>in</strong>g to<br />
<strong>the</strong> ten<strong>an</strong>ts of ground-floor apartments <strong>an</strong>d <strong>an</strong> <strong>in</strong>frastructure<br />
that provides for <strong>the</strong> comforts of middle-class<br />
life contribute to <strong>the</strong> neighborly atmosphere.
2 ROOM APARTMENT<br />
(AS AN EXAMPLE FOR SECTION C3)<br />
3 ROOM APARTMENT<br />
(AS AN EXAMPLE FOR SECTION C3)<br />
The m<strong>an</strong>y years of experience ga<strong>in</strong>ed dur<strong>in</strong>g <strong>the</strong><br />
construction <strong>an</strong>d rental of approximately 800 rental<br />
units <strong>in</strong> Sonnengarten have contributed immensely<br />
to <strong>the</strong> design aspects of <strong>the</strong> current sections.<br />
4 ROOM APARTMENT<br />
(AS AN EXAMPLE FOR SECTION C3)<br />
The optimized floor pl<strong>an</strong>s as well as <strong>the</strong> market-oriented<br />
mix of hous<strong>in</strong>g styles fulfill <strong>the</strong> expectations <strong>an</strong>d needs<br />
of <strong>future</strong> residents. Vary<strong>in</strong>g sizes <strong>an</strong>d floor divisions<br />
allow for truly <strong>in</strong>dividual liv<strong>in</strong>g styles.<br />
7
8<br />
APARTMENT OUTFITTINGS<br />
The apartments are outfitted accord<strong>in</strong>g to <strong>the</strong> highest<br />
quality st<strong>an</strong>dards: floorboard heat<strong>in</strong>g <strong>an</strong>d lam<strong>in</strong>ate, fitted<br />
kitchens, modern baths, as well as balconies or terraces<br />
are st<strong>an</strong>dard features. The needs of <strong>future</strong> residents<br />
were <strong>the</strong> ma<strong>in</strong> consideration of this pl<strong>an</strong>n<strong>in</strong>g phase.<br />
Design focused on functional floor pl<strong>an</strong>s, as well as<br />
on quality, high-grade materials <strong>an</strong>d solid workm<strong>an</strong>ship.<br />
Based on a thorough exam<strong>in</strong>ation of ten<strong>an</strong>ts’<br />
preferences, three different styles will be offered <strong>in</strong><br />
<strong>the</strong> apartments of <strong>the</strong> four f<strong>in</strong>al sections:<br />
1. Country<br />
2. Natural<br />
3. Modern Classic<br />
1.<br />
COUNTRY CHARM IN<br />
MEDITERRANEAN TONES
2.<br />
A NATURAL LOOK<br />
IN EARTHY SHADES<br />
3.<br />
A STYLISH ATMOSPHERE<br />
BOTH MODERN AND CLASSIC<br />
9
10<br />
ECONOMIC OUTLOOK<br />
The municipality of Glienicke is flourish<strong>in</strong>g. This is as<br />
true for <strong>the</strong> local retail trade <strong>an</strong>d service <strong>in</strong>dustry as it is<br />
for <strong>the</strong> residents. The purchas<strong>in</strong>g power of <strong>the</strong> Glienicke<br />
household lies 12% above <strong>the</strong> Germ<strong>an</strong> average. Accord -<br />
<strong>in</strong>g to a survey conducted <strong>in</strong> 2006 by <strong>the</strong> GfK Group,<br />
<strong>the</strong> area has become <strong>the</strong> community with <strong>the</strong> most purchas<strong>in</strong>g<br />
power <strong>in</strong> eastern Germ<strong>an</strong>y. All of its completed<br />
build<strong>in</strong>g projects, which have been sold to <strong>in</strong>vestors,<br />
have proven to be properties with guar<strong>an</strong>teed yields.<br />
COMPLETED APARTMENTS COMPARED TO<br />
THE NUMBER OF HOUSEHOLDS IN BERLIN<br />
12,000<br />
number of apartments<br />
0<br />
1996<br />
2005 1,740,000 1996<br />
year year<br />
Sonnengarten Glienicke has been a success on <strong>the</strong><br />
market for years <strong>an</strong>d const<strong>an</strong>tly attracts apartment<br />
seekers <strong>an</strong>d prospective homeowners. The cont<strong>in</strong>ually<br />
high rental rates of <strong>the</strong> liv<strong>in</strong>g accommodations built<br />
to date speak for <strong>the</strong>mselves. Moreover, dem<strong>an</strong>d for<br />
apartments <strong>in</strong> <strong>the</strong> Berl<strong>in</strong> area is steadily <strong>in</strong>creas<strong>in</strong>g as<br />
c<strong>an</strong> be seen <strong>in</strong> <strong>the</strong> follow<strong>in</strong>g graphs.<br />
1,920,000<br />
completed apartments total households<br />
Source: IBB Berl<strong>in</strong> Hous<strong>in</strong>g Market Report 2006 conducted by <strong>the</strong> Investitionsb<strong>an</strong>k Berl<strong>in</strong>.<br />
number of households<br />
2005
GERMANY’S HOUSING MARKET<br />
From <strong>an</strong> <strong>in</strong>vestor’s po<strong>in</strong>t of view, purchas<strong>in</strong>g <strong>an</strong>d rent<strong>in</strong>g<br />
real estate <strong>in</strong> <strong>the</strong> Berl<strong>in</strong>/Br<strong>an</strong>denburg region is sign ific<strong>an</strong>tly<br />
more lucrative th<strong>an</strong> <strong>in</strong> o<strong>the</strong>r Germ<strong>an</strong> metropolit<strong>an</strong><br />
areas. In Berl<strong>in</strong>’s hous<strong>in</strong>g market, <strong>the</strong> purchase price<br />
per square meter r<strong>an</strong>ges from 1,400 to 2,200 euros.<br />
In Cologne, a square meter of property is signific<strong>an</strong>tly<br />
more expensive, cost<strong>in</strong>g between 2,400 <strong>an</strong>d 3,200 euros.<br />
These figures jump aga<strong>in</strong> for major Europe<strong>an</strong> cities<br />
outside of Germ<strong>an</strong>y.<br />
4,500<br />
Euros per m²<br />
0 Berl<strong>in</strong><br />
Germ<strong>an</strong> cities<br />
Dresden Düsseldorf Ma<strong>in</strong>z Fr<strong>an</strong>kfurt Cologne Hamburg Munich Stuttgart<br />
14<br />
Euros per m²<br />
0<br />
Purchase price per square meter<br />
Rental price per square meter<br />
Berl<strong>in</strong> Ma<strong>in</strong>z Dresden Fr<strong>an</strong>kfurt Cologne Düsseldorf Hamburg Munich Stuttgart<br />
Germ<strong>an</strong> cities<br />
Source: Real-Estate Market Report from September 2007 conducted by <strong>the</strong> Capital Group.<br />
Berl<strong>in</strong> <strong>an</strong>d its affluent suburbs count among <strong>the</strong> most<br />
sought-after residential areas <strong>in</strong> <strong>the</strong> whole of Germ<strong>an</strong>y.<br />
However, it won’t be long before today’s affordable<br />
rental <strong>an</strong>d purchase prices <strong>in</strong>crease dramatically.<br />
Now is <strong>the</strong> ideal time to make <strong>an</strong> <strong><strong>in</strong>vestment</strong> that<br />
guar<strong>an</strong>tees yields.<br />
11
12<br />
LOCATION AND<br />
SURROUNDINGS<br />
THE HEART OF GLIENICKE<br />
Sonnengarten Glienicke is located directly <strong>in</strong> <strong>the</strong> heart<br />
of Glienicke, characterized by majestic l<strong>in</strong>den trees<br />
<strong>an</strong>d a picturesque village green. Just to <strong>the</strong> north,<br />
<strong>the</strong>re are nature reserves <strong>an</strong>d easily accessible excursion<br />
dest<strong>in</strong>ations <strong>in</strong> <strong>the</strong> county of Oberhavel.<br />
An adv<strong>an</strong>tageous microclimate has enabled this lush<br />
<strong>an</strong>d environmentally protected area to thrive over <strong>the</strong><br />
years. Glienicke/Nordbahn is located right next to <strong>the</strong><br />
Berl<strong>in</strong> district of Frohnau, which is well-known for its<br />
quality of liv<strong>in</strong>g.
AT HOME IN CHARMING NORTHERN BERLIN<br />
Berl<strong>in</strong>’s public tr<strong>an</strong>sportation system provides ideal<br />
access to Sonnengarten Glienicke. The freeway is easy<br />
to get to, although it is by no me<strong>an</strong>s too close. And <strong>the</strong><br />
nearest S-Bahn commuter railway station is just a few<br />
bus stops away.<br />
13
CONSTRUCTION AND<br />
PROPERTY DEVELOPMENT<br />
<strong>NCC</strong> IS AN INTERNATIONALLY ACTIVE CONSTRUCTION AND<br />
REAL ESTATE COMPANY, WHICH IS QUOTED ON THE STOCK<br />
EXCHANGE. <strong>NCC</strong> HAS 21,000 EMPLOYEES WITH SALES TOTALING<br />
MORE THAN 6 BILLION EUROS IN 2006.<br />
The Group’s headquarters are located near Stockholm,<br />
Sweden, with br<strong>an</strong>ches <strong>in</strong> Norway, F<strong>in</strong>l<strong>an</strong>d, Denmark,<br />
<strong>the</strong> Baltic states <strong>an</strong>d <strong>in</strong> Germ<strong>an</strong>y. <strong>NCC</strong> Deutschl<strong>an</strong>d<br />
GmbH has 730 employees <strong>an</strong>d had net sales of approx.<br />
190 million euros <strong>in</strong> 2006. As project developer, builder<br />
<strong>an</strong>d general contractor, <strong>NCC</strong> is currently active <strong>in</strong> more<br />
th<strong>an</strong> 150 projects throughout <strong>the</strong> nation.<br />
In 2006, <strong>the</strong> comp<strong>an</strong>y sold 778 units that <strong>in</strong>cluded s<strong>in</strong>glefamily<br />
homes <strong>an</strong>d apartments to <strong>in</strong>dividuals <strong>an</strong>d realestate<br />
packages to <strong>in</strong>vestors. Along with <strong>the</strong> ma<strong>in</strong> office<br />
<strong>in</strong> Fürstenwalde near Berl<strong>in</strong>, <strong>NCC</strong> Deutschl<strong>an</strong>d is represented<br />
<strong>in</strong> all of Germ<strong>an</strong>y’s economically thriv<strong>in</strong>g areas, such<br />
as Hamburg, Dresden, Düsseldorf, Cologne, Fr<strong>an</strong>kfurt am<br />
Ma<strong>in</strong>, Leipzig, Karlsruhe <strong>an</strong>d Munich.<br />
15
16<br />
<strong>NCC</strong>’s Code of Conduct establishes it as one of <strong>the</strong><br />
lead<strong>in</strong>g construction <strong>an</strong>d real estate comp<strong>an</strong>ies with<br />
regard to responsible bus<strong>in</strong>ess practices.<br />
The basis for this is <strong>NCC</strong>’s attitude towards bus<strong>in</strong>ess<br />
ethics, hum<strong>an</strong> rights, work environment <strong>an</strong>d <strong>the</strong><br />
responsible treatment of natural surround<strong>in</strong>gs as well<br />
as its regular dialogue with customers, subcontractors<br />
<strong>an</strong>d bus<strong>in</strong>ess partners.
REFERENCES<br />
17
Sonnengarten Glienicke Grundstücksgesellschaft mbH<br />
Contact Person: Dipl.-Ing. Arch. Georg Spital (Project M<strong>an</strong>ager)<br />
Märkische Allee 76 | 16548 Glienicke/Nordbahn (Germ<strong>an</strong>y)<br />
Tel +49 (0)330 56 646 46 | Fax +49 (0)330 56 646 15<br />
georg.spital@nccd.de | www.nccd.de<br />
<strong>NCC</strong> Deutschl<strong>an</strong>d GmbH<br />
Contact Person: Grit Boden<br />
Am Bahnhof 1 | 15517 Fürstenwalde/Spree (Germ<strong>an</strong>y)<br />
Tel +49 (0)3361 67 03 26 | Fax +49 (0)3361 67 01 70<br />
grit.boden@nccd.de | www.nccd.de<br />
Current as of October 2007