STUNNING METAMORPHOSISONEFOCUS

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PRACTICAL EXAMPLE
AM RENNWEG 14/16
STUNNING METAMORPHOSIS
www.propertyone.ch
The challenging transformation of a historic building ce, with the vaulted structure clearly visible. The ground
Ultimately, however, goodwill, being prepared to com- A real gem: the penthouse maisonette apartment into a contemporary commercial and residential floor, which previously only had 90 m² of space, was expromise and attention to detail resulted in positive soproperty in Zurich Old Town is a prime example of tended by 80 per cent, resulting in a total of 160 m² of lutions for all involved. In the course of the renovation,
Property One's range of products and services. Worusable space. many beautiful details covered up over the centuries by king with internal and external specialists and brinprevious renovation work were revealed: painstakingly ging their skills together, they produced excellent
The bullseye window in the roof brings light onto the shop floor carved wood panelling, stuccowork ceilings and detailed results for everyone involved. carvings on the walls.
There are opportunities that are difficult to resist. With
Old beams were exposed and left visible the property on Rennweg in Zurich, previously owned by a foundation, despite its alarming structural appearance it was "love at first sight" for the current owners - who had clear expectations in terms of yield - and for the real estate service providers, when they heard about the purchase option.
This stunning property is now fully rented on long-term rental agreements and has been successfully repositi- The location at one of the most exclusive addresses in oned on the market as an investment property. The prothe heart of Zurich, the building's rich history stretching ject showcases the range of services that Property One back to the 14th century and the potential of the property is able to offer its clients as an integrated service provider
Combining smaller residential units in the floors above
- which was only obvious at a second glance - ultimately
- from the search for a property, the design phase, embedhas created four generous apartments with living space
One of the most challenging tasks was the careful renoled to a rapid decision: we are going to grab this oppording the investment strategy and the actual transaction of between 115 m² and 183 m². The attic had not been vation of the basement, which was in a poor state, instaltunity and take up the challenge. through to planning, construction and marketing. previously developed, but now houses attractive living ling suspended ceilings and a lift to the upper floors. To spaces with access to outdoor areas that were also credo this, temporary steel supports were installed.
The project started with the search for a suitable properated or renovated in other sections of the property. The
Am Rennweg project key data ty for a group of investors, for whom Property One had building backs peacefully onto a part of the city with a
A wide range of services conducted an intensive investigation of the market. Once
- Am Rennweg 14-16, 8001 Zürich particularly rich history - Lindenhof.
Renowned interior architects were involved in the the property had been found, a comprehensive due di- - Built in: 1354, total renovation: 2017-2019 high-quality fit-out of the apartments, using colour and ligence process then took place, covering all the legal,
- Site area: 305 m²
The property was purchased as part of a club deal. It material concepts to create a bespoke aesthetic. After structural, technical and, above all, financial aspects.
- Usable area: 880 m² of which took well over a year just to complete the signing of the being used in the interim as shop premises, the interior
- 2 shops/commercial spaces purchase agreement. Financing was provided by truswas re-designed and now has a specific tenant, an inter- The property at Rennweg 14/16 has been given a new lease of life
- 4 residential units ted banking partners whose advantageous terms helped national retail company. them come out on top against other bidders in a beauty contest. Property One received the mandate for the over- Original stuccowork, panelling, flooring and supports give the interior its unique look all project management, including cost controlling. Their internal team joined forces with external legal specialists, design architects with experience in preserving historic buildings and building services and structural engineers.
Goodwill and willingness to compromise
The restoration plan and subsequent planning application by external architects was created in close collaboration with the relevant authorities, namely the district architect and the historic building preservation representative. The property had not previously been given
Property strategy as the foundation and the impetus protected status but was listed in the register of buildings
The aim was to display and reveal the hidden spatial deworthy of protection. velopment potential and all the usable areas. Developing a property strategy enabled the property's future value
In the later stages of the project, the major challenges to be calculated and acted as the basis for purchase requiring the attention of all those involved and a cautinegotiations. ous approach included the archaeological requirements and those of the fire service, building inspectorate and
All the way from the bottom to the top, from the cellar preservation authorities, some of which were difficult to up to the attic, and even outside the walls, spaces and reconcile. Property One's project management and site possibilities opened up that had hitherto lain dormant. In management team had the task of coordinating the spethe basement, previously not used as a rentable space, cialist planners and the different trade disciplines and conan atrium-style centre now lets light into 100 m² of spatrolling the costs, schedules and quality.
More information:
Project portrait, article in "Das Ideale Heim" magazine >
References >
ONE PASSION
Property One uses sustainable and innovative solutions to create added value for its clients and sparks enthusiasm for the world of real estate. At its three locations in Zurich, Zug and Ascona, the company combines expertise in the fields of investment, financing, development, execution and marketing as well as real estate family office under one roof. This comprehensive value chain allows Property One to cover the entire property life cycle.
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