Commercial Development

CORPUS SIREO Real Estate possesses proven expertise in the project development of commercial property. The company’s focus is on the following asset classes: office, hotel and retail.
Thanks to an established network of sites in the key conurbations and markets, CORPUS SIREO Real Estate has not only regional competence, but also access to the relevant authorities and market participants.
CORPUS SIREO Real Estate operates as a project developer in the Swiss Life Group, in joint venture configurations, but also as a co-investor.
The development is provided from a single source throughout the duration of the project: from the purchase of the property/plot, to the construction phase, right through to the completion and sale of the real estate as well as the conclusion of lease agreements, tenancy agreements or operating agreements.

oUR SERVICES

Identification of added value potential
Securing and purchasing land
Usage conception
Competitive bidding procedures / feasibility studies
Profitability analyses / project costing
Selection of stakeholders (tendering and award)
Contract management
Cost management and monitoring
Obtaining construction and planning rights
Project management
Approaching estate agents and potential tenants
Initiation and conclusion of lease agreements
Exit and marketing strategy, structuring, coordination and support for the sale

CORPUS SIREO Real Estate assumes responsibility from A – Z. The Commercial Development team identifies potential added value, secures and purchases land, and draws up a usage conception for the upcoming project development. All competitive bidding procedures and feasibility studies, profitability analyses and project costing are provided from a single source, as are the tendering, awarding and selection of the companies involved in the project.
On behalf of the client, we assume responsibility for managing the contract and managing the project as a whole, as well as obtaining the necessary construction and planning rights. We monitor the costs throughout the construction process. We contact estate agents and potential tenants, prepare lease agreements and provide support until the agreements are concluded.
An exit and marketing strategy provides structure, coordination and support for the sale. CORPUS SIREO Real Estate’s work is only finished once the sales process is complete and the customer is satisfied.

Current Commercial development projects

Allianz Campus berlin

Address: Rudower Chaussee / Hans-Schmidt-Straße, 12489 Berlin
Usage concept: office/administration
Rental space per usage type: around 58,000 m²
Potential pre-letting + occupancy level: 94% leased to Allianz Deutschland AG
Implementation period: 2015–2019

In collaboration with FOM Real Estate GmbH, we are implementing a modern new-build office space with around 58,000 m² of rental space and DGNB Platinum certification on the plot, which measures around 27,000 m² and is located at the gateway to the science and media city of Berlin-Adlershof. A lease agreement for the property has been concluded with Allianz Deutschland AG for a period of at least 15 years; the office complex is due to be handed over to the company in spring 2019. In July 2017, the property was sold to a Korean fund.

reiterstaffel Offices in cologne-Marienburg

Address: Gaedestraße, 50968 Cologne
Usage concept: offices, multi-tenant
Rental space per usage type: around 11,780 m²
Implementation period: 2020–2022

The state-of-the-art Reiterstaffel Offices will soon be established at Gaedestraße 7–9 in the popular district of Marienburg in Cologne through a joint venture between Bauwens Development and CORPUS SIREO Real Estate. This will add an exciting office space with plenty of light and space to the current Reiterstaffel residential district.
The 11,780 m² office complex is particularly attractive to users thanks to its innovative building technology and digital equipment. By making it possible to book meeting rooms directly using a smartphone, the new office space will offer greater flexibility in day-to-day working life. In addition, the spacious roof terraces and garden areas are an ideal place to relax in your lunchbreak or at the end of a tiring day at work.
The location in the lively district of Marienburg is characterised not only by its ideal transport links to the centre of Cologne and to the motorways south of Cologne, but also by a wide range of restaurants and nearby amenities.

WEST.SIDE OFFICE IN BONN ENDENICH

Address: Siemensstrasse 21, 53121 Bonn
Uses: Office, small-scale retail trade, gastronomy
Rental space: approx. 31,000 m²
Leasing: Marketing start October 2019
Realisation period: 2020 - 2024

"West.side Office" is part of a new neighbourhood development in the Endenich district of Bonn. Different, exclusive commercial units with a campus character are being built on a total of five building plots. The commercial spaces of CORPUS SIREO Real Estate GmbH will be supplemented by a residential section of Instone Real Estate Development GmbH. The "West.side" quarter marks the beginning of the upgrading of the district.

The 130-year-old industrial history of the area is clearly visible in the emerging "West.side Office" quarter. The impressive existing buildings merge with the new buildings inspired by the industrial architecture.

The modern office complexes with a total area of 31,000 m² allow the realisation of cellular, open space and mixed offices through free-to-plan floor plans and thus a high flexibility of use. In addition, with its gastronomic offerings and numerous green spaces the prevailing campus character invites visitors to linger and network.

The location in the Endenich district is characterised by an optimal public transport connection to the city centre of Bonn and by its immediate vicinity to the most important traffic axis "Endenicher Ei".

Further information: https://www.office-westside.de/de-de

neurieder strasse munich

Address: Neurieder Straße 4, 81475 Munich
Usage concept: residential, nursery, telecommunications technical areas on the ground floor and at basement level
Rental space per usage type: around 9300 m² floor space for residential, around 800 m² for technical areas
Planning and construction rights: 2014–2017
Implementation period: 2018–2020

On behalf of the owner of Deutsche Telekom AG, we planned the development of the local exchange located south of Munich city centre in the district of Fürstenried. Within the framework of a request for preliminary planning permission with the involvement of the city planning commission, construction rights were obtained, together with the plot neighbour, for the completion of an 8-floor and a 12-floor residential building. For this purpose, the local exchange is due to be partially scaled down, although technical areas on the ground floor and at basement level must be retained.

Am Aesculap-platz, tuttelingen

Address: Aesculap-Platz, 78532 Tuttlingen
Usage concept: retail, residential or services
Rental space per usage type: around 4500 m² retail (REWE + ALDI), around 3000–3250 m² for residential or services (office, medical centre etc.)
Potential pre-letting + occupancy level: 2450 m² rental space for REWE + 1950 m² rental space for ALDI
Implementation period: 2018–2020

We have been commissioned by Aesculap AG to draw up a project study for real estate measuring around 1.1 hectares, which envisages a new-build retail centre as well as residential or service use (office, medical centre etc.) on the upper floors following the demolition of the expendable existing building.

The permissibility in terms of planning law for this planned project has been ensured by drawing up a development plan. Pre-letting status for retail usage on the ground floor has already been achieved by concluding lease agreements with the chain stores REWE and ALDI. Following the successful implementation of the project development, the investor is now obliged to implement construction of the planned usage concept.

For Aesculap AG, the completion of the project development has the advantage that the existing store sites of REWE and ALDI in Tuttlingen are being vacated and can then be used by Aesculap AG for its planned expansion of operations.