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<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

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