Gerchgroup: Topping-out ceremony for The Oval in Düsseldorf

Düsseldorf, 16 December 2020. Yesterday, project developer Gerchgroup celebrated the topping-out ceremony for "The Oval" office project in Düsseldorf.

Despite the current restrictions due to the Corona pandemic, the Düsseldorf developer did not want to miss out on this traditional milestone of the project and celebrated the completion of the shell in a very small setting, in compliance with clearance and hygiene regulations.

After the topping-out speech by the foreman, the topping-out wreath was raised and the builders, architects and engineers were thanked for their commitment to date.Everyone involved was pleased that the construction site has been accident-free so far and is optimistic that it will remain so until completion.

Alexander Pauls, Gerchgroup AG's Chief Development Officer, emphasised: "We are very satisfied with the progress of the project and the professionalism of those involved in the construction. From the craftsmen to the architects, everyone is doing an excellent job and is fully committed. Many thanks! “

By the turn of the year 2021/22, the modern office property will be built on Hans-Böckler-Straße in the prospering Düsseldorf submarket of Kennedydamm. The future tenants can expect a digital, sustainable, highly flexible and absolutely contemporary office building on approx. 13,500 m² of rental space.

In this context, "The Oval" has already received Platinum certification from WiredScore. The office property is the first building in Düsseldorf to achieve this award level. In addition, LEED certification in gold is being sought.

Gerchgroup is investing around 120 million euros in "The Oval". The general contractor Züblin is realising the building according to the implementation planning of the Düsseldorf architectural office BM+P. The office building will be constructed by the end of 2021, when the first tenants will move in.

Gerchgroup is a nationwide project developer based in Düsseldorf. The company was founded by Mathias Düsterdick (Chairman of the Board) and Christoph Hüttemann (Member of the Board) at the end of October 2015, after both had previously sold their shares in the PDI Group. Gerchgroup currently realises a total project development volume of around 5 billion euros.

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Research, marketing, PR, real estate management Götz Baumgärtner