For PANDION FÜNF FREUNDE the building permit for the last construction site of the residential ensemble in the western part of the so-called Ehrenveedel is available. In addition to FÜNF FREUNDE, PANDION is also developing the PANDION NEUN FREUNDE project on the site of the old Ehrenfeld freight station. Component C completes the development with an elegant building block in the southern part. Components A and B are already well advanced. The first "online topping-out ceremony" was celebrated there in the fall.

PANDION is realizing its new residential project PANDION NEXT on the former Siemens site on Völklinger Straße in Düsseldorf-Unterbilk. The 164 apartments are being built in the immediate vicinity of PANDION RISE, a 17-story, ultra-modern office building that is also in the planning stage. The neighborhood, which is mixed with residential, work, local supply, gastronomic offerings and public open spaces, is being built on a total area of 18,400 square meters in the immediate vicinity of the Düsseldorf city gate.

The “Immermannstrasse” in Düsseldorf is to be enriched by two new gastronomy offerings: PANDION has leased the first floor spaces to two restaurant operators. The spaces will be handed over in April, with an opening planned for early summer. The use of the outdoor areas will create an attractive offer for the users of the PANDION FRANCIS and the neighborhood.

Cologne-based property manager PANDION Service mbH, a subsidiary of PANDION AG, can look back on a successful 2020. In addition to exceeding the revenue threshold of one million euros for the first time, the company, which has been managed by Toni Altindagoglu since 2015, has been able to expand its management portfolio in 2020 to over 2,000 residential and commercial units and around 2,200 parking space units. In the current year, the managed portfolio will grow to around 3,000 residential and commercial units and 3,300 parking units because of the addition of management units.