FortyFour, Rolandstrasse 44, Düsseldorf - WGF AG

FortyFour, Rolandstrasse 44, Düsseldorf
Green Building
Construction project Green Building
The office building in the office market Düsseldorf-
Kennedydamm was used by Axa insurance company
until December 2011. In September 2011 WGF AG acquired
the property located at 44 Rolandstrasse. The existing
building will be fully redeveloped and refurbished. After
completion of the construction works, the gross and floor
area will be enlarged at 14.500 sqm. Handover of the ren-
tal space to the future office tenants is scheduled for 2013.
The project developer
WGF AG is specialised in real estate development and
refurbishments. WGF AG develops concepts for the
sustainable use of buildings, carries out all the planning
and later sells the property to investors. Founded in 2003,
the Düsseldorf based company holds and develops real
estate all over Germany.
WGF Westfälische Grundbesitz und Finanzverwaltung AG I Vogelsanger Weg 111 I 40470 Düsseldorf
Phone: +49 (0)211 68 777-0 Fax: +49 (0)211 68 777-100 I Internet: www.wgfag.de I E-Mail: info@wgfag.de
2011 2013
The new building will be certified according to the LEED-
Standards of the U.S. Green Building Council. The
standards relate to the sustainability of the location
concept, water and energy usage, building materials and
indoor environmental quality. The aim is to achieve the
LEED Gold standard for FORTYFOUR, making it one of
the first properties to achieve this certification in
Düsseldorf.
Press material
Download image material at wgfag.de,
menu item "Presse"
Contact person for the press
Dr. Heinrich Raatschen
heinrich.raatschen@wgfag.de
phone: +49 (0)211-68 777-168
mobile: +49(0)172-28 56 338
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Letting projections Business Case
The Kennedydamm office district is one of the most
attractive office locations in Düsseldorf. Companies will
find its proximity to the airport, exhibition centre and city
centre attractive. Top rents for office in Düsseldorf are set
between €20 and €22 per sqm. Companies such as L'Oréal,
IKB Deutsche Industriebank and Deloitte & Touche occupy
office space in this destrict. Rolandstrasse is easy to reach
by public tranport. The office floors are air-conditioned and
are especially attractive due to a generous ceiling height of
3.25 m. The rent for the property will be €14.50 to €16.50 per
sqm and month.
Facts
14,500 sqm gross floor area
142 parking spaces underground, 48 outdoor
rent 14.50 to 16.50 €/sqm
completion: 2013
Contact for letting
WGF AG
fortyfour@wgfag.de
Phone: +49 (0) 211-68 777-145
www.fourtyfour-duesseldorf.de
WGF Westfälische Grundbesitz und Finanzverwaltung AG I Vogelsanger Weg 111 I 40470 Düsseldorf
Phone: +49 (0)211 68 777-0 Fax: +49 (0)211 68 777-100 I Internet: www.wgfag.de I E-Mail: info@wgfag.de
The deciding factors for a profitable project development
are: quality of property site and location, sustainable
utilization concept, purchase at an attractive price
as well as quality of tenants and rental agreements.
WGF AG purchased the existing building significantly
below the current market value and will realise all
planning and construction work with its subsidiary
Ilse Bau und Planung GmbH. Letting projections are very
positive due to the high demand for sustainable office
space and the highly competitive rental rate for the
Kennedydamm office district. The high standard of the
building will meet the future requirements of the most
discerning occupiers and also of the potential purchaser
of the property.
In Düsseldorf office and commercial buildings with a
value of 594 Mio. Euro were sold in 2010. The average
replicator for new construction properties was roughly
17 times the annual net rent. The percentage of Green
Buildings increased to almost 15 % in Germany. Therefore
the project development Fortyfour meets the high demands
of the end investors.
The prospects for the final sale are correspondingly good.
as per: 07.2012
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