Project World Trade Center 4
The WTC IV project (53,500 m²) relates to the construction of a new passive tower, independent from the other three towers of the WTC complex. The “all-in” construction cost of the project is estimated at some €140 million. The permit is being implemented. The building work is being carried out in step with commitments by prospective tenants. The project has a BREEAM “Outstanding” certification in the Design phase.
Based on a multi-tenant occupancy with “conventional 9” leases, the expected yield on the development cost should be around 6.50%.