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09. September 2022

Practical Example «Symphony»: Harmonious interplay at a dream location

Property One supported a private client through the project planning and construction of a semi-detached house in a prime location close to the city on the left bank of Lake Zurich. The two residential units offer a spacious atmosphere with plenty of privacy. The project, for which Property One was able to demonstrate its comprehensive service expertise, was called “Symphony”. Property One assumed all of the project risks alone, as well as the costs incurred at the beginning. However, the project proved to be a win-win situation for all involved.

The background
It began like many projects do: ideas are sought for a more meaningful use of a piece of land or an old property. The clients, a couple of empty nesters in the prime of life, own a detached house that is no longer in keeping with the times with regard to size and structure. The neighbourhood has a comfortable atmosphere, and the couple can envision creating something new in the same space.

The journey began with the first project outlines, for which the clients commissioned several architects, as well as discussions with neighbours about a possible joint larger project and clarifications of possible uses for the land. Ultimately, a considerable amount of effort was exerted without a concrete solution being found, and many questions remained unanswered. This is where Property One stepped in – the couple turned to them after a recommendation from friends.

The development phase
The specialists from Property One listen, take note of wishes and ideas, sound out the schedule and financial framework and clarify all building law parameters. With its experience of a whole range of similar development projects, Property One submits the proposal for a new building. The clients receive a spacious attic apartment in line with their wishes. Execution is guaranteed within a fixed budget. To finance the project, another unit will be constructed in the building, which Property One will build, co-finance and market. The cooperation formally begins with a development contract. From then on, the Property One team of experts in development, construction and sales works closely with the clients. Property One’s in-house specialists support and monitor the construction, which is carried out by expert partner companies, as the clients’ representative. The construction work itself only takes 18 months.

The blueprint also comes from the in-house network: Arndt Geiger Herrmann AG, architects and interior designers, work out all the details of the plans & prepare the planning application.

The marketing phase
Before the actual construction can begin, the Property One sales team search for a suitable co-owner. They must not only meet the (financial) requirements for the purchase of the second, significantly larger unit, but should also be a good fit for the future living arrangements with the clients. The search finally led to success following a meeting. Two residential units were created with a total living space of over 800 square metres. These are spread over a total of four floors, three of which offer the coveted view of Lake Zurich and a view of the mountains in the distance. Both apartments have their own lift and direct access from the shared basement garage.

Execution
With the “Symphony” project, the Property One team, made up of 16 professional fields, proves that it can implement projects with a challenging schedule and financial framework while achieving the desired high quality and within a set budget. By assuming the entrepreneurial risk and all work, the company offers private clients a comprehensive range of services from a single source. The mutual trust involves the full support of clients and buyers as well as fair contractual agreements. Property One’s wealth of experience guarantees that your dream home can come true.