HOCHTIEF Projektentwicklung

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News + Stories

The everyday working life of our project developers is influenced by many factors and different issues and aspects. We introduce you here to such themes and stories, present our own studies, and evaluate current industry information. You will also find links to interesting reports and relevant announcements both online and from other media on our website.

October 2016 | Lot trading is pushing up prices

One price record is chasing the next in the real estate market. Housing prices, for instance, are said to have risen by an average of three percent across Germany during the second quarter of this year compared with the first three months, resulting in a year-on-year increase of 6.3 percent. The Central Bank’s low-interest policy and local authorities who are allocating too little land for construction are seen as the price drivers here. But there is another aspect that has long been ignored: “Lots are being bought and/or sold by private owners in many cases without any clear intention of developing them,” says Gordon Gorski, Managing Director of HOCHTIEF Projektentwicklung GmbH.

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September 2016 | Hotels as the new passion

With the continuing run on German real estate, local hotels have also become the focus of investors from all over the world. Where this type of real estate was once seen by most as too risky, in the first half of 2016 alone investors have acquired hotels in the German market with a value in excess of two billion euros. This is 35 per cent more than in the same period last year. “Hotels have meanwhile become an asset class in their own right in the German investment market,” confirms Gordon Gorski, Managing Director of HOCHTIEF Projektentwicklung GmbH, adding, “They are particularly popular with institutional and private investors.”

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August 2016 | Shortage of construction sites

Building lots are scarce—particularly in attractive downtown locations in the Top 7 cities. This is pushing up lot prices and making it more difficult for project developers to acquire suitable spaces. In the meantime, some sellers’ asking prices are forcing up entry prices so much that the limits of all other parameters are being reached, rendering it difficult to make reliable calculations. Competition between different types of usage is constantly on the rise. In the view of Gordon Gorski, Managing Director of HOCHTIEF Projektentwicklung GmbH, the main victims here are the residential and office segments, and he says that diverting to urban outskirts may help in building residential projects but would achieve very little in the area of office real estate.

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Juli 2016 | Analyse Refurbishment: Almost 700,000 square meters under construction

Refurbishment is in—at least in the case of private project developers. According to research by HOCHTIEF Projektentwicklung, 690,000 square meters of existing space are undergoing refurbishment in the top 7 locations alone this year. The company used its own data collections and external study results. Residential space accounts for some 60 percent of the entire development space, office premises only for about one fifth. More than half of the properties, in which primarily office space is refurbished, are nevertheless mixed-use real estate. More than a fourth of the existing buildings, in which predominately residential housing is created, is undergoing a conversion. Most of these buildings were housing offices in the past. "Mixed use has become increasingly popular with developers and investors and in light of the housing shortage in the top 7 markets, conversion is an important mainstay of refurbishment by now," explained Gordon Gorski, General Manager of HOCHTIEF Projektentwicklung GmbH.

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June 2016 | Smart City—more than just a buzzword?

Big cities face big challenges. Not only is a lot of affordable living space required in a short time, but urban development should also be both green and socially sustainable. Digital technology that can help to conserve resources or promote collaboration is already available today. It can, for instance, control a house’s energy consumption, and automate mobility. At national and international level, any number of studies and first experiments are currently being conducted, seeking ways to meaningfully network the city of the future that would truly be useful to its inhabitants.

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March 2016 | Why speculation is back again

In its No. 3/2016 issue, the “Immobilienwirtschaft” magazine goes looking for answers and initially finds a very promising starting situation: low interest rates are leading to high investment pressure. Investors are tearing their hair out searching for worthwhile real estate investments. Transaction volumes and residential investments are breaking records. But project developers are running out of construction lots. Put simply, undeveloped lots in premium locations in the Top 7 cities are virtually non-existent. As a result, supply remains virtually static or is even declining, while demand is constantly increasing.

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February 2016 | Not location, location, location but ABBA

The “Handelsblatt” examines the ABBA strategy in the real estate market. ABBA lost its status as a hot tip long ago and the business newspaper points out that, according to an Analysis by the Helaba Bank, compared with the classic focus on “location, location, location”, this approach does entail higher risks. ABBA investors buy in the typical(premium) A-cities – the Top 7, in other words – in B-locations as well as in the so-called B-cities such as Bremen, Hanover, Dortmund or Nuremberg in (premium) A-locations, or they mix both approaches in the hope of turning a better Profit.

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October 2013 | Refurbishment: Always a new adventure

Weeds are growing out of the cracks in the concrete stairs, the doors are nailed shut and pigeons coo on the ledges – a building doesn't always have to be in such a state to require refurbishment. When real estate has reached its limit there will be new chances for project developers. What has to be considered, you can read in our feature.

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December 2012 | Office of the future

You can also find out what is already being demanded today of the offices of the future and how we develop user-oriented, attractive working worlds in light of these requirements.

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December 2012 | Tenant‘ wishes create individual working worlds

As you like it: In designing office real estate, project developers have to anticipate what is important to the future tenants. This does not always happen with the effortlessness of Shakespeare's comedy. Find out here how, nonetheless or perhaps precisely because of that, tenant wishes are turned into attractive and individual working worlds.

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