32 - Drees & Sommer

CONTROLLING FOR NEW SHOPPING CENTER IN LUDWIGSHAFEN
Investor goals optimally met:
Rhein-Galerie meets client’s
highest expectations
After only two years, the Rhein-Galerie in Ludwigshafen has been completed, with
the development of a disused site opening up the inner city to the Rhine embankment.
Drees & Sommer supported the construction project by providing controlling services
during both the planning and construction phases.
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At the beginning of 2006 the Ludwigshafen
City Council decided to develop
the entire site of the former customs port
under the motto “Return to the Rhine”.
A shopping center was to connect central
Ludwigshafen with the Rhine embankment,
at the same time enhancing the
existing range of retail outlets. The
disused site of the former customs port
was purchased by shopping center
specialist ECE. Construction was undertaken
using a cooperation model
with ECE responsible for planning and
coordination and Züblin as the general
contractor.
Controlling the construction phase
As early as the planning phase, Union
Investment Real Estate GmbH secured
95 percent of the Rhein-Galerie through
a company acquisition, and thus took
on the role of principal. Drees & Sommer
supported the client during the purchase
phase by providing technical due
diligence for the project development,
and – prior to the start of construction –
was commissioned to undertake
controlling during the construction
phase. Given the many Union Investment
Real Estate projects successfully
concluded by Drees & Sommer, there
was a sound basis for further trusting
cooperation.
Client
Union Investment Real Estate GmbH, Hamburg
Project duration
May 2008 – September 2010
General contractor
ECE Projektmanagement GmbH & Co. KG
Contractor responsible for planning
and coordination
Züblin AG
Key project data
– GFA: 100,000 m²
– Retail space: 30,000 m²
– Parking: 1,400 vehicles
– Investment volume: €220 million
Drees & Sommer services
– Technical due diligence
– Project controlling
– Structural technical consulting
(engineering consulting)
– Support during acceptance and handover
– Organizational consulting
Value-add achieved for client
– Sound basis for investment decision
through professional due diligence prior
to start of construction
– Reducing pressure on the client through
representation of the principal
– High quality of implementation through
retail and management competence
– Competent consulting on Green Label
certifications
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