Project Development, under the management of Stefan Dambacher since 1 January 2018, showed good utilisation of capacity. By developing projects for third parties and for Allreal’s own portfolio and the sale of development real estate designated for sale, the department in the 2017 financial year again made a significant contribution to the company’s success.
A residential complex in Zurich Seebach developed for a private owner was transferred to the Realisation department at the construction stage. The project resulting from an architectural competition includes four seven-storey buildings comprising 66 rental apartments plus a new replacement building on neighbouring land with eleven rental apartments and office space. The construction sum amounts to about CHF 39 million. The project will be completed in stages, and construction is scheduled to start in the first half of 2018.
Project Development carried out a study contract with eight participating firms of architects in view of the planned replacement of a building on the Escher-Wyss site in Zurich-West which was erected in 1962 and no longer meets today’s requirements. The project submitted by Caruso St John Architects was unanimously recommended for implementation by the jury. Its six storeys represent useful space of 5,800 square metres in total, of which 4,900 square metres are reserved for office and about 900 square metres for trade use. The building on Hardstrasse is excellently connected to public transportation and borders on the commercial building completed and transferred to Allreal’s own portfolio on Schiffbauplatz in the period under review. Demolition and construction work of the own project, which upon completion will be transferred to the portfolio of yield-producing properties, is planned for 2018. Allreal makes use of Building Information Modelling (BIM) for planning and execution of the project. Digitalisation allows for comprehensive optimisation of the planning and construction process concerning coordination, deadline compliance, quality and cost control. The replacement building represents an investment volume of about CHF 40 million.
A project submitted by Allreal in cooperation with A E2A Piet Eckert und Wim Eckert Architekten AG won an architectural competition for a new building for FHNW School of Business carried out by the Canton of Basel-City’s real estate department. The building to be erected on the Dreispitz site in Basel provides space for about 1,200 students and 150 staff members. The School of Business will take up operation in the new building in the second half of 2020. The construction sum amounts to about CHF 69 million.
Construction of new and replacement buildings and the refurbishment of existing buildings on the Grünhof site in Zurich Aussersihl measuring 7,870 square metres permits higher utilisation and, consequently, a higher value of Allreal’s site. The project has been issued a legally binding building permission. Realisation will be carried out in two stages starting the second half of 2018. Investment volume of the entire project amounts to about CHF 50 million.
Further project developments started on in 2017 or substantially continued were:
* On behalf of third parties