CA IMMOBILIEN AN.

CA Immo and PATRIZIA Immobilien AG agreed on a joint
venture to develop the Baumkirchen Mitte city quarter in
Munich.

• CA Immo and PATRIZIA agree on joint venture
• Demolition work already well underway
• Building permits in the pipeline

The realisation of this project is scheduled to start as
soon as the land-use planning process involving the City
of Munich and CA Immo is complete. Demolition work on the
site is already well underway.

This newly announced joint venture will handle broad
sections of the planned construction activities in the
Baumkirchen Mitte development project initiated by CA
Immo. Together, CA Immo and PATRIZIA will lay out the
quarter’s intended residential building plots as well as
develop land designated for high-end commercial use (e.g.
offices. In total, this joint venture between CA Immo
and PATRIZIA covers approximately 29,000 m2 (312,153 sq.
ft. of land, with planned gross floor space of around
45,500 m2 (489,757 sq. ft. for apartments and around
18,500 m2 (199,132 sq. ft. for offices.

«PATRIZIA is a partner that immediately shared our vision
of creating a high-end, lively quarter at this location.
Not only that, but this partnership can and will allow us
to make the quarter even more dynamic. We both want to
start work as soon as possible and have this quarter
up-and-running as soon as we can,» affirms Dr. Ralf
Schneider, Head of CA Immo in Munich.

«We are delighted to be working on this project with a
partner as reputable as CA Immo,» says Jürgen Kolper,
Managing Director of PATRIZIA Projektentwicklung. He is
PATRIZIA’s opera-tions-level representative in charge of
developing the Baumkirchen city quarter and expanding the
company’s nationwide activities. With ongoing
developments in Augsburg, Munich, Düsseldorf, Frankfurt,
Hamburg and Cologne, the value of projects in this sector
is fast approaching 700 million euros.

The land-use planning process now being carried out by
the City of Munich covers the entire area surrounding
former railway repair plant 4 in Munich’s Berg am Laim
district. This area has one boundary to the east,
Baumkirchner Strasse, and one to the south, Neumarkter
Strasse. Until this announcement, CA Immo was the major
owner of this 131,100 m2 (1,411,148 sq. ft. of land. One
of the fascinating aspects of this particular development
is that around 50 % of the overall site (62,000
m2/667,362 sq. ft. will not be built on, but will
instead be kept and developed further as an ecological
conservation area. Special paths will open up the area -
which is currently inaccessible – to future residents,
neighbours, and the general public. Overall, this future
mixed-use quarter is scheduled to extend across 80,000 m2
(861,112 sq. ft. of gross floor area. Of this, the
majority (50,000 m2/538,195 sq. ft. will be used for
around 490 planned apartments of various sizes for
approximately 1,100 residents. There are also plans to
construct a local amenity centre on Baumkirchner Strasse
as well as two childcare facilities to serve the quarter.
The sports club which currently enjoy the use of this
land will be moving to a newly built sports hall on a
neighbouring plot on Neumarkter Strasse.

The defining highlight of this quarter will be its
generous and expansive green spaces. As well as the
conservation area to the west, another 34,000 m2 (365,972
sq. ft. on the built-up east side will be given over to
public and private green spaces. Of this, around 3,000 m2
(32,291 sq. ft. will take the form of roof gardens for
use by all future occupants of the residential buildings.

The land-use planning process is based on an
international urban planning and landscaping competition
run jointly by the City of Munich and CA Immo in 2010.
Draft concepts from urban planners Peter Ebner Friends
(Vienna and landscape planners Mahl Gebhard Konzepte
(Munich won the contest. As per the current timeline,
the planning process should be completed by the end of
this year. Initial construction work could begin
immediately afterwards. In preparation for building on
the land, all of the derelict and unsaveable buildings in
the former repair plant are being demolished. This work
is expected to finish in spring 2012.

Wednesday, 25.

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