IQ Real Estate GmbH has taken over the project management for the Schlösser Areal project in Düsseldorf-Derendorf. The three housing cooperatives BWB, DWG and WOGEDO intend to jointly realize a residential quarter comprising three structures (one oblong block with two wings, two separate buildings) with four to five regular storeys plus penthouse storey and about 130 capped-rent dwelling units. The architectural competition carried out in the middle of 2017 was won by the design of Tor 5 Architekten. Due to the increased noise level caused by the street and railway traffic, special sound insulation will be installed. Implementation of the project is planned for 2019 to 2021.