<

CITYGROVE SECURITIES PLC EQS-News: Project developer Citygrove starts the final construction phase for the new Premier Inn Hotel at the Bredero high-rise in the German city of Hanover with the topping-out ceremony

Transparency directive : regulatory news

16/12/2024 09:01

Issuer: Citygrove Securities PLC / Key word(s): Real Estate/Expansion
Project developer Citygrove starts the final construction phase for the new Premier Inn Hotel at the Bredero high-rise in the German city of Hanover with the topping-out ceremony

16.12.2024 / 09:01 CET/CEST
The issuer is solely responsible for the content of this announcement.


Hanover/Frankfurt a.M./London, 16.12.2024Project developer Citygrove has started the final construction phase for the new Premier Inn Hotel in Hanover (Germany). The topping-out ceremony for the new building, which Citygrove and general contractor MBN will complete by the beginning of 2026, has now been celebrated directly at the main railway station and at the entrance to the well-known Lister Meile shopping area.

The nine-storey hotel with 220 rooms is being built on the corner of Hamburger Allee and Friesenstraße on a 1,188 square metre plot of land belonging to the nationally renowned Bredero complex. The existing building, which was demolished on the site of the new hotel building, housed offices for around 50 years until 2017. The neighbouring Lister Tor tower block, which is also part of the complex and has 23 floors and is 91 metres high, is visible from afar in the capital of Lower Saxony. Both property areas were completely separated from each other in terms of use and ownership as part of the new concept. ‘This concept enables a combination of outstanding location and property factors for our new building,’ explains Ben Robinson, Construction Director of Citygrove, at the topping-out ceremony: ’This was the right decision because it will significantly enhance this area of the city. We know how important the Bredero complex is.’

The city of Hanover welcomes the construction project as an important contribution to the regeneration of this city centre area. ‘For us, the mix of uses in the city centre locations is an important basic principle,’ says city planning officer Thomas Vielhaber: “The combination of working, living, culture and services with accommodation in the vicinity of the main railway station contributes to the city of short distances”. Parallel to the construction project, the administration is already working on a master plan for the entire area north of the main railway station in order to reorganise and upgrade it in the long term.

For Premier Inn, the hotel at Lister Tor is the second location in the capital of Lower Saxony alongside the Hannover City University Hotel in Hamburger Allee. ‘This is the perfect addition to our Hanover portfolio,’ emphasises Chris Norman Sauer, Acquisitions Director at Premier Inn. ‘From 2026, we will be able to offer travellers here even more accommodation options in central, convenient locations. This is important because Hannover has several attractive facets as an accommodation location – as an economically strong metropolis, as a trade fair and congress location and also as a popular tourist destination.’ At Lister Tor, 75 of the 400 parking spaces in the neighbouring car park extension can be used by hotel guests. There are currently 60 Premier Inn hotels in operation throughout Germany and 38 more under construction or at the planning stage.

The hotel also offers special architectural features. Glass façades on the ground floor allow views into the public hotel areas and thus visually integrate the Premier Inn into the well-known city centre location. For Andreas Bruns, branch manager of general contractor MBN, this is not the only reason why the Premier Inn in the Bredero complex is something very special: ‘Realising such a modern and sustainable hotel project in the centre of Hanover is a major, but also gratifying challenge. We would like to thank everyone involved in the construction, especially the craftsmen on site, for their commitment! Without them, this would not have been possible.’

In this constellation, the new hotel was designed in accordance with the requirements of the BREEAM certificate with the rating ‘excellent’. ‘This is an important goal,’ emphasises Citygrove Construction Director Robinson: ’Sustainable construction and compliance with the ESG criteria are key objectives for us, because the greater cost-effectiveness this makes possible during ongoing operations is indispensable.’ BREEAM awards were also given to Citygrove's other property projects in Germany, which have already been completed. ‘The Niu’ hotel in Düsseldorf is in a prime city centre location near the main railway station and Bürgerpark. In the World Heritage city of Lübeck, a Premier Inn was opened just a few weeks ago as a Citygrove development in the immediate vicinity of the historic city centre. Premier Inn now operates eight hotels that are certified to either BREEAM or DGNB standards.


Background information:
Citygrove
is a property development and investment company specialising in commercial retail and residential projects in the UK, Spain and Germany. The company has many years of experience in the development of retail, leisure, residential, hotel and office property. The construction projects are planned and managed from the company's offices in London and Madrid.

Press contact:
Citygrove:
Ben Robinson
Construction Director
Citygrove Securities PLC
10 Albemarle Street, London, W1S 4HH
Phone: +44 20 7647 1700 ; Mobile: +44 7827 885028
Mail: BenRobinson@citygrove.com

Wolfgang Ludwig
Ludwig Medien & Kommunikation
Mathias-Brüggen-Straße 124
50829 Köln
Office: +49 (0) 221/29219282
Mobile: +49 (0) 171/ 9335134
Mail: mail@ludwig-km.de



Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


fncls.ssp?fn=show_t_gif&application_id=2051371&application_name=news&site_id=symex~~~af100301-a623-4c64-8f3d-90fc88eca9e6

source : webdisclosure.com

CITYGROVE SECURITIES PLC's latest news


16/12/2024 09:01
01/10/2024 09:05
13/06/2023 15:26


Other stories

21/12/2024 12:59
22/12/2024 00:01
21/12/2024 22:08
21/12/2024 17:45
21/12/2024 14:08
21/12/2024 15:29
21/12/2024 20:30
21/12/2024 22:28
21/12/2024 21:55
21/12/2024 18:03
21/12/2024 09:24
21/12/2024 18:13
21/12/2024 15:14
20/12/2024 15:22
20/12/2024 16:18
21/12/2024 11:29
20/12/2024 16:31
20/12/2024 17:07
22/12/2024 01:46
22/12/2024 01:05
21/12/2024 09:00
21/12/2024 13:20
21/12/2024 21:36
21/12/2024 21:55
22/12/2024 01:00
21/12/2024 22:15
22/12/2024 02:35
21/12/2024 23:36
21/12/2024 18:26
21/12/2024 23:11
20/12/2024 12:04
20/12/2024 12:15
21/12/2024 11:05
20/12/2024 15:00
21/12/2024 12:27
22/12/2024 00:48
21/12/2024 15:00
21/12/2024 15:11