- Development volume expanded and conditions created for further growth
- Successful launch of the CV Innovation Lab
- Project pipeline already full for anniversary year 2021
(Munich, December 2020) CV Real Estate AG, one of the leading project development and investment companies in southern Germany, has drawn up a successful balance sheet for 2020. The Munich-based company was able to consistently expand its development volume and also set the course for further growth at the organizational level. The year's milestones include the successful sale of its spectacular landmark project ONE HUNDRED EAST in the Bavarian capital, the acquisition of the WA3 development site in Nuremberg for the development of a pioneering residential quarter, the handover of the Hilton Garden Inn Feldkirchen hotel project and the establishment of the company's subsidiaries CV Innovation Lab GmbH and CV Capitalpartners GmbH. Christian Vogrincic, founder and CEO of CV Real Estate AG: "The year 2020 was marked by enormous disruption from the perspective of society as a whole due to the Corona pandemic, which is why we are all the more pleased that we were able to consistently continue our growth course undeterred by this and that we achieved all our entrepreneurial goals. Both at project level and in the further development of our company and our range of services." And the prospects for 2021, when CV Real Estate AG celebrates its 10th anniversary, are also excellent.
The company's goal for 2021 is to reach the 1.5-billion-euro mark in assets under management and to underscore its profile as a holistic, cross-use-class provider operating throughout Germany. Anatol Obolensky, COO and board member of CV Real Estate AG: "We want to be among the top addresses both for national and international institutional investors who want to invest in real estate projects with stable value and for property owners and other developers who want to fully exploit their potential."
Successes all along the line
One of the biggest successes in 2020 was the sale of the ONE HUNDRED EAST high-rise cluster in Munich – one of the Bavarian capital's most spectacular projects for the future, including a visionary mobility concept – which was driven jointly with KanAm Group's German Development Fonds. With this sale, the Munich-based real estate specialists have not only demonstrated their expertise, but also their intuition for the needs in the market. Anatol Obolensky: "We have long been convinced that Munich East is predestined for a new, forward-looking high-rise project that has not yet been seen in this form – and we are certain that the entire location will develop outstandingly, even in a dynamic city like Munich." Further high-rise projects in Munich's east are already in the planning stage. The company has also set another important milestone for the coming years with the acquisition of the WA3 construction site in Nuremberg-Lichtenreuth. Over the next few years, 280 apartments are to be built on the 90-hectare future quarter on a former freight station site, embedded in a completely new area with the best conditions for working and living. In its planning, CV Real Estate AG, which was advised on the acquisition by its subsidiary CV Capitalpartners GmbH, is also taking into account the requirements that the post-Corona era will bring.
Future-oriented thinking, also in the field of mobility
Just how successfully CV Real Estate has internalized future-oriented planning is symbolized by the handover of the 166-room Hilton Garden Inn hotel project in Feldkirchen to its user. Christian Vogrincic: "We always plan projects outside the box, with a clear vision and taking all relevant factors into account. In this case, we were able to hand over a business hotel in an absolute prime location that will work even in times like these." What works, what there is a need for and what the future demands – this is also researched and implemented by the company's own subsidiary CV Innovation Lab GmbH, which was launched just under a year ago. With the Future Lab, the company explores the question of what issues will occupy society in the future - and how these can be used for the development of neighborhoods and projects. The CV Innovation Lab has already developed a smart concept for the residential quarter of the Nuremberg-Lichtenreuth project development and also advises various cities and municipalities on mobility, digitization and the development of residential and commercial quarters. For the research and establishment of new solutions, the Lab also collaborates with international FinTechs, PropTechs, ConstructionTechs and mobility startups.
Further major projects in planning
CV Real Estate already has several major projects in the pipeline for 2021. Christian Vogrincic: "We will continue our fast pace unabated in the new year and are close to fixing several large-volume projects. In addition to Office, the micro-living sector will play a special role in the new year."