Following a 17-month construction phase, the revitalisation of the office building at the heart of the KWARTIER development in Karlsruhe has been completed and the Institute for Federal Real Estate (BImA) has been handed the keys to its 9,000 square metres of rental space on Philipp Reis Strasse/Rüppurrer Strasse on schedule. The extensively modernised office building is now ready to welcome the Central Customs Authority, whose employees will be relocating to their state-of-the-art workspaces over the next few weeks. To mark the handover, Sven Häfner, Member of the Board of Management at GIEAG and Project Manager for developments in Karlsruhe, hosted a small ceremony with representatives of the principle tenant, BImA.

With Phase I complete, the next stage of the KWARTIER development in the heart of Karlsruhe’s Südstadt district is ready to begin. Phase II will see the construction of a multi-storey underground car park and almost 250 owner-occupied and rental apartments.

Thomas Männel, CEO of GIEAG Immobilien AG: “The successful completion of the extensive revitalisation measures and the on-schedule handover of the office space to BImA is – especially given the restrictions imposed on us by the Covid-19 pandemic – entirely the result of professional teamwork. On behalf of GIEAG, I would therefore like to thank every single one of the project’s many stakeholders. Handing over the keys to this office building to the Institute for Federal Real Estate (BImA) marks yet another significant milestone in our KWARTIER development and offers further proof of our expertise in recognising development potential”.

Manuel Luft, Managing Director of LUFT GmbH Architekten und Ingenieure: “Despite what were at times exceptionally challenging circumstances, we successfully completed the refurbishment and extension of this major office building as planned and, with the conclusion of the official acceptance procedure, are delighted to hand the building over to its new users. We are sincerely grateful to all of the dedicated workers and planners for their outstanding commitment to this project. And of course, our thanks also go out to our client for their unwavering confidence in our work”.


GIEAG Immobilien AG
Philipp Pferschy
Montgelasstraße 14
81679 München
+49 89 290516-0

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About GIEAG Immobilien AG

GIEAG is a family-run Munich real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as the Frankfurt Stock Exchange and Xetra. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.

Over the past 22 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.

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