Dr. Keller Heralds New Era with KöTower Project
Deal News | Jan 16, 2025 | Catella Real Estate AG
Dr. Stephan Keller, the Lord Mayor of Düsseldorf, alongside Cornelia Zuschke, Head of Building, has officially launched the KöTower project, an innovative green high-rise building on the renowned Königsallee boulevard. Set for completion at Königsallee 106, the new structure will transform the site of a former 1960s building into a 17-story modern office space. The project forms a collaboration between Catella Real Estate AG, the investor WPV, and execution by Laarakkers, reflecting a commitment to sustainable development in urban centers.
Sectors
- Real Estate Development
- Sustainability
Geography
- Germany – The project is located in Düsseldorf, a major city in Germany, indicating significant geographic relevance to the country's urban development.
Industry
- Real Estate Development – The project involves the development of a high-rise office building, a common activity within the real estate development industry.
- Sustainability – The article highlights the construction of a 'green' office building, indicating a focus on sustainable development practices.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Catella Real Estate AG | Investor | Company | A principal investor driving the development of the KöTower project. |
| WPV | Investor | Company | An investing partner collaborating with Catella Real Estate AG on the project. |
| Laarakkers | Executing Company | Company | The company responsible for executing the demolition and construction of the KöTower. |
| Dr. Stephan Keller | Lord Mayor of Düsseldorf | Person | The political figure present at the project's official launch. |
| Cornelia Zuschke | Head of Building | Person | An official involved in the oversight and launch of the project. |