EFFICIENT USE OF SPACE AND FUNCTIONALITY
URBAN LIVING IN PRIZE-WINNING BRIEFVERTEILZENTRUM
In 1991, the Briefverteilzentrum (mail distribution centre) in the heart of Cologne, designed by Joachim Schürmann, was awarded the German Architecture Prize. A new era for this award-winning building will begin in early 2016 with CologneApart: as part of the Vertical Village concept, it will offer smart apartments for modern business freestylers who want to launch into their professional life in Cologne without logistical complications.
The “VauVau” Concept
With the Vertical Village, the CG Group is developing an innovative concept for the modern interconnectedness of working, living and residing in inner city locations. Under the VauVau trademark, unused commercial property is transformed into space-optimised apartment buildings with flexible layouts and multifunctional features. Co-working and communal areas, such as the marketplace with its offerings of dining and recreation, combine the sense of community in these “stacked villages” with the contemporary needs of urban living. Optional services and an upscale partial or complete furnishing underline the attractiveness of the VauVau concept, particularly for temporary use by mobile professionals.
|Sales volume (GDV):||135,063,000 EUR|
|Area for rent/sale:||22,900 m²|
|Car parking spaces:||237||237 underground parking|
|Construction period:||March 2017 to June 2020|
|Object condition:||First time use after refurbishment|
|Heating type:||Central heating|
|Major Energy Carrier:||district heating|
|Energy certificate:||energy certificate required|
Letting of apartments will begin during the shell construction phase.
The property is to be sold turnkey and fully leased to a capital investment company.
With more than one million inhabitants, Cologne is the most populous city in the federal state of North Rhine-Westphalia and the fourth largest city in Germany. Originally dubbed Oppidum Ubiorum, today's River Rhine metropolis was eventually elevated to city status by the Roman Empire under the name Colonia Claudia Ara Agrippinensium (CCAA).
Cologne maintains international significance as a major economic and cultural city and is considered one of the top locations for the global arts market. The stronghold of the carnival festival is also home to many media companies and organisations with numerous television and music producers. Above all, the Cologne Cathedral, the numerous internationally significant events and the city’s more than 2,000-year history as well as its cultural legacy all contribute to Cologne remaining one of the most important travel destinations in Europe.
The extensive long-distance passenger rail system as well as the Umschlagbahnhof Eifeltor (Eifeltor Trans-shipment Station), one of the largest container handling stations for combined freight transport, are evidence of the city’s significance as one of today’s major transport hubs. Four inland ports and the international airport complement the infrastructure.
|Macro environment area:||405 km²|
|Macro environment population:||1,046,680|
|Macro environment population density:||2,585 Einwohner je km²|
|Macro environment unemployment rate:||8.1 %|
|Macro environment purchase power index:||108.5|
Old Town North
- The city centre and the Hohe Strasse shopping area are just 750m away, and the Cologne Cathedral only 400m.
- Cologne’s main railway station is also 400m from the property.
- The slip roads to the motorways A3 and A1 are just 8km and 10km respectively. The Cologne Bonn Airport is just 16km, or four commuter rail stations away.
- The philharmonic hall and the famous Old Town of Cologne are 1km away. Just 650m away, the Musical Dome, directly on the bank of the Rhine, and the many museums within the city centre provide myriad recreational and cultural activities.
- Supermarkets and shopping centres are also nearby.
|Distance to city centre:||0.7 km|
|Distance to railway station:||0.4 km|
|Distance to motorway:||8.0 km|
- The conversion of an existing office building to a residential and commercial property.
- Multiple partially let commercial units can be found in the three basement levels next to the underground car park; these will remain. New commercial units for offices and a café will be built on the ground floor.
- Following the VauVau concept, co-working spaces will be built on the 1st and 2nd floors, and flats on the 3rd floor and above.
- The 5th floor will also include penthouse apartments.
Urban Land-use Planning
- City centre development, no existing development plan, planning and building laws according to Art 34 of the Federal Building Code
- Preliminary building enquiry for clearance and the addition of storeys to the building approved on 2 February 2016