S+B Gruppe AG’s current project volume exceeds the 1-billion-euro mark
S+B Gruppe AG, a developer of high-quality construction projects in top locations, has so far developed and invested well over EUR 3 billion. Major projects in Vienna, Warsaw, Prague and Bucharest currently exceed EUR 1 billion and are set to become iconic landmarks and contribute to the development of entire urban areas.
For more than 30 years, S+B Gruppe AG has been realising complex projects across the whole of Europe as an investor and general contractor. The team headed by building contractor Reinhard Schertler from Vorarlberg and the Viennese general planner Alfred Michael Beck specialises in the planning, construction management, financial management and marketing of top-quality construction projects. So far, the Group has invested more than EUR 3 billion in developing real estate with a total of 1,000,000 square metres of usable space. S+B Gruppe has thus succeeded in positioning itself as a major player in the Central and Eastern European market. Given the Group’s success, you’d probably be surprised to hear that there is no major construction company lurking in the shadows. “We see ourselves as a family business with 137 employees, where there are no banks or shareholders in the background”, said the founding partners Alfred Michael Beck and Reinhard Schertler. “For us, quality and sustainability are among the most important corporate factors. Years ago, we developed the first LEED Platinum certified office building in Vienna, and several buildings in the CEE countries were ranked among the LEED Top 10 in the world”.
Showcase Vienna: S+B Gruppe AG develops new urban district
A completely new district is currently being developed at one of Vienna’s most attractive locations. The area around the former Copa Cagrana is sure to be fondly remembered by the many visitors who enjoyed its high recreational value and optimal accessibility. Unfortunately, the area has been somewhat neglected in recent years and has thus lost some of its appeal. But that is all set to change now!
Six major developments on the Danube
S+B Gruppe AG, together with its partners, has acquired and is developing most of the remaining building plots in the DonauCity-Areal (DC), with the stated aim of creating an extraordinary new urban district here. Thanks to innovative and sustainable construction planning, 200,000 square metres of usable space will be created for residential and office space. A total of six major developments will form the new skyline of Vienna: In addition to the existing DC Tower 1, the twin towers DC 2, Danube Flats, DC 3, DC Residential and DC Waterline will soar into the skies above Vienna.
Perfect infrastructure for a remarkable quality of life
One of the many highlights of the area around DonauCity is its unique location directly on the banks of the New Danube and the adjacent recreational areas, such as the Danube Island, Danube Park and Old Danube. In addition, the area boasts an excellent infrastructure and amenities: optimal connections to public transport (U1), great accessibility by car, suberb shopping facilities, restaurants, schools, day-care centres and medical centres. If you want a particularly exquisite experience, you can set sail via the entrance to the New Danube – perhaps on your own electric boat. This makes the new DonauCity a unique area to live, work and play. “From an international perspective, there are not many major cities with such attractive offers”, explains Wolfdieter Jarisch, certified engineer and CEO of S+B Gruppe AG, which is headquartered in Vienna.
Excellent transportation links
Development is also taking place on the far side of the Danube. In Vienna’s 20th district, at Dresdner Strasse 90, the Group acquired a property where a residential tower with around 21,000 square metres of living space and 640 square metres of commercial space is planned. This area is served by a well-established infrastructure, including convenient connections to public transport (commuter trains, trams, underground) and easy accessibility by car. The striking, new residential tower will stand at the entrance to the site of what used to be Vienna’s Nordwestbahnhof.
The Group’s development on Laxenburger Straße comprises an area of 12,500 square metres and is also close to a central station (Hauptbahnhof). A mix of residential, office and commercial space is being created here. The charming, old Gösser Halls, which formerly served as warehouses for the Gösser brewery, have been integrated into the development, creating an interesting juxtaposition between the old and the new. The proximity to the Columbus Center shopping mall and to the various shops on Laxenburger Strasse is also a plus for the location. In the south of Vienna (Wienerberg), S+B Gruppe developed the Inno-Plaza and Inno-Center projects in the heart of the new office submarket. The completed Inno-Plaza (modern office space with terraces and storage areas) has already been sold to BNP Paribas. Work is currently underway to modernise and expand the adjacent Inno-Center property.
Vienna, City of Students
Another defining feature of the current construction projects in Vienna is the large number of student residences being built. The development of Vienna into Europe’s largest student city is supported by the internationalisation of study programmes (keyword: ERASMUS scholarships) and by the large number of international students in Vienna. S+B Gruppe is among the developers creating much-needed student housing in the city. The largest student residence in Austria for TSH The Student Hotel is being built in Vienna’s 2nd district. In DonauCity, civil engineering work has already begun on Austria’s tallest student residence for the American Greystar Group. And at the Campus Vienna Bio Center S+B Gruppe is developing residentce for R4R (Room for Rent) and i live. The target group for these residences, which are designed for short- and medium-term living, are students on the one hand and project-related expatriate research professors on the other.
Showcase CEE: the pipeline of the future
Even before the fall of the Iron Curtain, S+B Gruppe was committed to the golden city of Prague. What began more than 30 years ago with the development of infrastructure projects, including the first multifunctional shopping centre in Prague, has now matured into the co-design of entire districts in major CEE capitals, including Prague, Warsaw and Bucharest.
Active all over Prague
S+B Gruppe is currently developing around 28,000 square metres in Prague’s “Little Manhattan” – the Pankrác business district, not far from the historical centre. A further 100,000 square metres are in the development pipeline for the coming years.
The LEED Platinum certified projects TRIMARAN and ELEMENT have just been completed and are already almost fully let. The two properties blend seamlessly into their surroundings thanks to their unique interplay of design and functionality. In addition, the extraordinary location with its direct connection to the underground and road networks ensures rapid access to the city, which is reflected in the satisfaction of tenants and users of the buildings. One of the largest transactions in the company’s history is the sale of the two buildings to Allianz Real Estate for approximately EUR 110 million. “With TRIMARAN and ELEMENT, we were able to set another milestone in terms of sustainability, as ELEMENT has just been voted the ninth best LEED Platinum certified building in its category worldwide. We are all the more delighted to have found a partner in Allianz, who appreciates both buildings as much as we do”, explains Franz Paul Bauer, shareholder and CEO of S+B Gruppe AG.
S+B has secured a very special project right next to the striking Pulverturm in the heart of Prague. On the Na Příkopě shopping street, next to the Náměstí Republiky, one of the most frequented squares in the capital, S+B is developing and revitalizing the building Na Příkopě 33 for Commerz Real. Built in 1929, the building is a listed cultural monument whose facade and stylistic architecture are historically protected; a gem on Prague’s property market will soon shine in new splendour.
Best outlook in Warsaw
S+B as general contractor is developing and constructing WIDOK TOWERS, a future landmark building with around 32,000 square metres of state-of-the-art office and retail space, at the Centrum underground station opposite the Warsaw Palace of Culture. Many well-known international companies are already applying for rental space in this truly one-of-a-kind trophy building, which is slated for completion by the end of 2020. The name says it all: WIDOK, the Polish word for “view”, underlines the unparalleled views of the surrounding city from WIDOK TOWERS. At a total height of approx. 95 metres, the towers will be a distinctive new landmark in Warsaw’s city centre.
Shortly before the end of the year, S+B Gruppe AG also concluded the sale of Senatorska 18, a historic office building in Warsaw’s CBD, to Generali Real Estate. The former Warsaw City Hall, Senatorska 18, was built in 1773 and rebuilt in 1997 having been destroyed in the Second World War. The building is located in the immediate vicinity of the Old Town in one of the most prestigious quarters of the city, directly opposite the Warsaw National Theatre. It combines historical architecture with modern efficiency and offers 17,700 square metres of office space on five floors, which are currently used by mBank, one of Poland’s largest banks.