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TURICUM PropCo AG, JOYN Zurich

 

JOYN Serviced Living is a serviced apartment provider offering high-quality micro-living for business travelers with a focus on long-term stay. The apartments are multi-functional, modern and designed with sustainability in mind, with the aim of providing a flexible all-in-one living concept for business travelers. JOYN Serviced Living is represented exclusively at A-destinations and premium locations, at present, twice in the German cities of Cologne and Munich and in the Austrian capital Vienna.

The new building in Zurich rounds off the JOYN living concept for business travelers with a focus on long-term stay. In addition to the 343 apartments and 104 hotel rooms, it offers a lobby, a restaurant with seating in the courtyard, a fitness area, a washing lounge and a rooftop bar on the 6th floor. The investment manager and co-investor CORESTATE Capital Group intends to use this project to strengthen its serviced living portfolio, with first-time entry to the Swiss market.

Following a successful technical due diligence process, Drees & Sommer Switzerland was engaged to carry out the entire project management, with responsibility for project steering and quality assurance.

Turnkey construction is being implemented by the sole contractor Halter Inc. Global Services. The highly regarded architectural firm Monoplan AG was commissioned with the general planning.

The project is expected to be handed over for operational use at the end of January 2021, about two months before the deadline for acceptance as specified in the contract.

 

Added value

  • Client support regarding fulfillment of deadlines, maintenance of costs and satisfaction of quality expectations

 

Project Data

Client:

TURICUM PropCo AG (associate of Corestate Capital Group)

Architects:

Monoplan AG

Project term:

2017 - 2021

Individual services

  • Technical due diligence process (TDD)
  • Client representation / project steering
  • Quality assurance

 

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