Gerling Quartier (1st Section / Section North), Cologne
The ‘Gerling Quartier’ is a historically significant high quality office, commercial and residential space in the heart of Cologne (Frisenviertel).
In May 2017, we were commissioned as the extended arm of Immofinanz AG – project management, to successfully complete the project (1st Section).
Date started: 2017
Completion date: 2018
Client type: Corporate and office
Key services: Project management, cost management
Philipp Gansch, Head of Development, IMMOFINANZ:
Turner & Townsend is a perfect partner for highly complex projects, where salutation orientation and flexibility always come before rigid service profiles. The team never lost sight of the goal over the entire project period – I enjoy working with Turner & Townsend, and would work with them again at any time.
The ‘Gerling Quartier’ is a historically significant real estate ensemble in the heart of Cologne (Frisenviertel), which emerged from the administrative buildings of the former Gerling Insurance Group and was first developed by Frankonia Eurobau AG, later by Immofinanz AG into high-quality office, commercial and residential space.
The ‘Gerling Quartier’ covers a total area of approx. 35,500 m² and consists of twelve existing buildings, which are listed as historical monuments, as well as six new buildings. The total usable space comprises approx. 75,000 m².
IMMOFINANZ decided to sell the ‘Gerling Quartier’ in 2017 as part of its focus on the portfolio. The closing took place in several steps during 2018 and was dependent on the completion and commissioning of commercial units.
In May 2017, Turner & Townsend was commissioned as the extended arm of Immofinanz AG – project management to successfully complete the project (1st Section) in the short term. The services included the following:
- Project setup, structuring and processes
- Cost management and control
- Schedule management and control
- Contract management
Making the difference
The Turner & Townsend team was able to quickly and thoroughly familiarise themselves with the project and, based on experience gained from other projects, work with the client to relaunch the project and restructuring processes to get them back on track.
The project team was repeatedly faced with legacy conflicts involving various stakeholders (authorities, apartment buyers, contractors, planners, etc.), which had to be resolved in order to make the overall completion possible. All conflicts were resolved by the team, ensuring the project's successful completion.