- € 84.3 million contract concluded as main contractor
- Design-and-build under STRABAG’s teamconcept partnering model
- Completion scheduled for autumn 2018
Luxembourg-based Forum Invest S.a.r.l has commissioned Ed. Züblin AG, the market leader in building construction and civil engineering in Germany, to build the new East Side Mall in Berlin. Forum Invest is represented by Berlin-based project development company FREO Financial & Real Estate Operations GmbH. The contract for the new construction, to be carried out under STRABAG’s teamconcept partnering scheme, has a value of about € 84,3 million including construction design. The architectural design was conceived by Dutch architecture office UNStudio, which also designed the Züblin-built Mercedes-Benz Museum in Stuttgart.
Thomas Birtel, CEO of STRABAG SE points to the increased interest in early partnering already during the design phase: “More and more clients are opting to work with us under the STRABAG teamconcept partnering model, both in the design phase as well as during actual construction. This bears witness to the competitiveness and sustainability of the teamconcept. It helps realise projects with higher on-time delivery and on-budget completion.”
The East Side Mall shopping centre is being built in a central location in Berlin’s Friedrichshain district near the East Side Gallery memorial. Completion is scheduled for the autumn of 2018. Ground preparations and piling, also being carried out by ZÜBLIN, began in June 2016. The three-storey building will offer approx.37,800 m2 of lettable space for retail, services, gastronomy and events. The shopping centre’s façade is visually structured into separate coloured, wavelike segments. In addition to transparent glass elements, the façade also consists of sandwich panels with variously tilted and projecting slats. Above the three shopping centre floors, a further two levels will offer around 760 parking spaces.
The project stretches about 190 m from east to west and about 110 m from north to south. An approx. 50 m long platform will link the shopping centre directly to the Warschauer Straße public transport stations.
ZÜBLIN contributed its know-how during design phase
The contract signing for the new construction was preceded by an approx. 15-month design phase. Under the terms of the teamconcept (phase 1), ZÜBLIN assisted FREO at this stage with the final design and in the building permission application. Both sides benefited from the know-how and expertise of the other partner.
The services provided by Züblin during the design phase included:
- calls for bids and preparation of procurement procedures,
- concept planning, in particular regarding the structural elements and façade,
- optimisation trials during development and
- compliance with the estimated budget.
Stuttgart-based Ed. Züblin AG has about 14,000 employees and, with an annual output of over € 3 billion, is one of Germany’s leading construction companies. Since it was founded in 1898, ZÜBLIN has been successfully realising challenging construction projects in Germany and abroad and is the number one in the German building construction and civil engineering segment. The company’s range of services comprises all construction-related tasks – from civil engineering, bridge building and tunnelling to complex turnkey construction to structural timber engineering and public-private partnerships. ZÜBLIN attaches great importance to partnership-based cooperation, and our ZÜBLIN teamconcept has proved its value as a successful partnering model for more than 15 years now. Current construction projects of the company, a subsidiary of globally operating STRABAG SE, include the new Axel Springer building in Berlin, Messehalle 12 in Frankfurt and the Albabstieg Tunnel along the new Wendlingen–Ulm railway line. More information is available at www.zueblin.de
FREO Group as it is known today was established in 1996. 20 years and over 40 transactions later, FREO is today an independent pan-European investment manager and developer with a deep and cohesive network of 15 offices in 7 countries with over 100 employees. FREO offers a complete real estate lifecycle asset management service tailored to the needs of our partners and clients including asset selection, prudent capital structuring, identification of value creation opportunities through proactive management or repositioning and ultimately opportunistic disposal. We only target real estate investments that offer intrinsic value for our partners with the goal of delivering sustainable cash flows and long-term capital enhancement. We only operate in markets we know well and typically adopt an entrepreneurial yet rigorous approach using our local networks to source opportunities where we possess competitive advantages, often via off-market bilateral connections or limited marketing processes.
STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects – on schedule, of the highest quality and at the best price. The hard work and dedication of our 73,000 employees allow us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.