2008-03-27

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Netherlands | Companies

Commerz Real Property received 2008 MIPIM Award

Nordholland: The “Kraanspoor” office building in Amsterdam, belonging to Commerz Real’s “Euro Office 1” institutional fund, received the MIPIM Award in the new “Green Building of the Year” category at this year’s international real estate trade fair in Cannes. Furthermore, it was honoured with the “Special Jury Award” of the year.

The office property rises out of the IJ river on a platform that serves as nesting place for a wide variety of bird species. The air conditioning has exemplary character: It is connected to a system that uses the river water both for cooling and for heating the building.

“Kraanspoor is a very good example for innovative buildings that use smart energy systems. The latter not only ease the impact on the environment, but also enhance their quality of usage and competitiveness by cutting energy costs,” said Hans-Joachim Kühl, member of the board of Commerz Real and in charge of real estate acquisitions.

Commerz Real acquired the office building, which was completed in November 2007, for a total investment volume of more than 34 million euros from the Dutch developer ING Vastgoedentwikkeling B.V. The fully glassed-in state-of-the-art office building was created in an easily accessible location in northern Amsterdam on top of an long-serving crane track formerly used to load and unload ships. The three-storey office property that extend over a total length of 270 metres provides a gross lettable area of about 11,000 m². The building, which subdivides into four autonomous core areas, offers alternative usage options.

Karolina Müller Commerz Real AG - 2008-03-27

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