Welt am Sonntag newspaper on higher standards in the premium segment
The demand for quality real estate in Germany is constant. However, in this booming market more and more project developers and suppliers fail due to the growing demands of sophisticated buyers. This is according to the Welt am Sonntag newspaper. “For property developers the challenge of every project is to create developments that are worthy of the location they are built in”, explains Uwe Schmitz, CEO of FRANKONIA Eurobau. The newspaper cites FRANKONIA’s Sophienterrassen in Harvestehude, Hamburg as a positive example of this.
Here FRANKONIA restored the former commandant headquarters in close coordination with the local building conservation authorities and added townhouses and villas to the development. The new buildings are modelled on classic Hanseatic architecture. Stucco elements in sandstone look, individually created by master craftsmen, combine with mouldings and balustrades to give the buildings the charm of the Wilhelminian era, writes the newspaper. Curved stone staircases, carved on site, lead residents to their homes.
It should indeed be a matter of course that quality materials such as marble, bronze and oak are used in premium properties. “Quality should also be found where you do not look closely,” says Schmitz. “There are, for example, brass mailboxes that look nice and seem to be high-quality, but some of the interior components are made of plastic.” The difference between good and perfect lies in whether the quality is carried through to every last screw.
The full report can be found here:
10 November 2014