NEWS

CV Real Estate AG looks back on a successful 2021

  • Further increase in development volume and profits
  • Premium office development CANYON in Frankfurt, building permits issued for AURUM in Augsburg and "Baufeld WA3" in Nuremberg
  • Project volume targeted to increase by one billion in 2022

   
(Munich, January 2022) A commercially successful year – this is how CV Real Estate AG, one of the leading project development and investment companies in southern Germany, sums up 2021 for itself. The holistic real estate and investment specialist from Munich was once again able to significantly increase its development volume compared to 2020 and further expand its profits and market position due to numerous well-known project acquisitions. Christian Vogrincic, member of the board and CEO of CV Real Estate AG: "For us, 2021 was characterized by the acquisition of significant project developments, thanks to which we were able to consistently maintain our high growth rate. In addition, we significantly increased the number of our employees, and we and our subsidiaries CV Asset Management, CV Development, CV Innovation Lab and CV Capital Partners also permanently developed in terms of internal structures, processes and communication last year." The latter also experienced a significant growth spurt in 2021. Anatol Obolensky, CEO and COO of CV Real Estate AG, said, "At our Frankfurt project development CANYON, our own financing subsidiary, CV Capital Partners GmbH, structured around a quarter of a billion – successfully launching one of the largest loan amounts of the year." For 2022, CV Real Estate AG is planning a purchase volume of over one billion, for new projects alone.  

The 2021 milestones include in particular the premium office project CANYON, which will set new trends in Frankfurt's Central Business District with its literally green facade and unique combination of new-work, sustainability and exciting architecture, and the innovative office worlds AURUM directly adjacent to Augsburg Central Station, whose characteristic feature is a shiny gold facade on the structures. "Both projects are defining properties for Augsburg and Frankfurt am Main and will transform partial locations," explains Christian Vogrincic. CV Real Estate AG presented the developments for the first time at Expo Real, Europe's largest real estate trade fair, held in Munich in 2021.

2022 already two building permits issued
The new year is only a few days old, but the realization of AURUM can already get underway, as the building permit has already been issued for the project development on around 19,000 sqm. In addition, the company announces the granted building permit for the "Baufeld WA3" of the project development Lichtenreuth in Nuremberg with a total area of 90 ha, on which now approx. 130 apartments will be realized. In this way, one of the most attractive quarters in the Nuremberg metropolitan region is being created there, which will grow into a new research center with international relevance in the coming decades, thanks among other things to the construction of the new Technical University, and will offer an ideal mixed use of living, working, local amenities, recreation and green areas. "Thus, we were once able to set the course for bringing even more urban spirit to Bavaria's second-largest city," says Christian Vogrincic, adding, "And this year we have set our sights on no less: We want to continue to grow structurally and, among other things, aim to further expand our investments and collaborations with innovation drivers – from FinTechs to mobility startups – via our CV Innovation Lab, thus underscoring our profile as a holistic, cross-usage-class provider operating throughout Germany. Our motto for 2022 is therefore quite clear: seamlessly continue the positive development of 2021."