GEG

A Strong Partnership

GEG German Estate Group AG, based in Germany, is a leading real estate investment and asset management platform focused on the german commercial real estate sector. Founded by Deutsche Immobilien Chancen Group and KKR. The company is based in Frankfurt am Main and will be an active investor across the core landmark sector, development and opportunistic transactions.

Press

Current

  • - Stadtteile

    Neuer Turm taucht auf

    Beim Blick über den Main ist das Winx mittlerweile gut zu erkennen. Auf 43 Meter Höhe ist das neue Hochhaus auf dem Maintor-Areal inzwischen „gewachsen“. Die letzten 67 Meter bis zur endgültigen Höhe von 110 Metern mit insgesamt 29 Geschossen sollen bis Ende 2017/ Anfang 2018 fertiggestellt sein, der Rohbau Ende dieses Jahres. Der von dem Frankfurter Architekturbüro KSP Jürgen Engel entworfene nächste Wolkenkratzer der Frankfurter City mit einer Glas-Stahl-Fassade wird 28 000 Quadratmeter Gewerbefläche haben. Davon konnten die ersten 60 Prozent bereits an die Union Investment vermietet werden. Das Unternehmen zieht damit seine 1800 Mitarbeiter am Standort Frankfurt auf dem Maintor-Areal zusammen und verlässt das Hochhaus an der Wiesenhüttenstraße. Im Erdgeschoss wird ein Restaurant der Kette Vapiano eröffnen. Der Tower „Winx“, in erster Reihe am Fluss gelegen, ist das letzte der sechs Projekte auf dem Maintor-Areal, dem früheren Degussa-Gelände, das von der German Estate Group (GEG) entwickelt wird. Insgesamt werden rund 800 Millionen Euro investiert. Mittlerweile sind mehr als 80 Prozent der Wohn- und Gewerbeflächen vermietet.

  • - Frankfurter Allgemeine Zeitung

    Frankfurt is Amazingly Attractive

    FOUR QUESTIONS FOR: ULRICH HÖLLER, GEG GERMAN ESTATE GROUP

    About Germany's leading financial centre and its office and residential market after the Brexit

    DO YOU THINK THAT FRANKFURT'S REAL ESTATE MARKET WILL BENEFIT IN ANY MAJOR WAY FROM THE BREXIT?
    As it is, we are already seeing an increase in the number of inquiries regarding attractive properties in Frankfurt. The reasons are quite obvious: For one thing, many internationally active companies operate from London as their gateway to Europe, and it is often their only European hub. The looming fiscal and regulatory ramifications of the Brexit have prompted such companies to start looking for alternative locations, and their number is increasing. Frankfurt, being home to the European Central Bank, is the obvious choice for companies in the financial sector. Even if only a small percentage of the jobs in this segment – and there are around 600,000 of them in London today – relocated to Frankfurt, it would have a positive impact on Frankfurt's real estate market. Add to this that London's appeal for international real estate investors will at least to some extent be tarnished. So far, the city has served as the first investment destination for many overseas investors before expanding incrementally into mainland Europe to build up a portfolio. Once the United Kingdom loses its EU membership status, the strategy will to some extent cease to make sense. That is why investor interest is shifting its focus gradually to office property markets and financial centres in Continental Europe, among them Frankfurt.

    WOULD FRANKFURT HAVE ENOUGH PRIME OFFICE ACCOMMODATION IF ITS ROLE AS FINANCIAL CENTRE WAS TO EXPAND?
    More than a million square metres of office accommodation is about to come on-stream in Frankfurt in the near future. That is the equivalent of more than 10 percent of the entire market supply. This is, of course, an advantage that could come into play on short notice to respond quickly to the anticipated hike in demand. At the same time, a number of projects are in the planning pipeline that will come onto the market over the next few years. In short, the supply in office accommodation in Frankfurt is ample and would be adequate even if the volume of companies relocating exceeded the experts' estimates. And of course the potential developments also offer the chance to invest in the city's existing office stock in order to bring it up to date.

    GIVEN THE FACT THAT ITS HOUSING MARKET IS STRAINED ALREADY, DOES FRANKFURT NEED TO WORRY ABOUT COMING APART AT THE SEAMS?
    Frankfurt already has an unusually large supply in smaller flats that commuters like to take advantage of. The supply in such micro-apartments could be rapidly expanded even on short notice, and this would to some extent cushion the brisk demand to be expected on the housing market. But, on the whole, the city and its market players will certainly have to invest more heavily into the residential market than they have been doing.

    DO YOU CONSIDER FRANKFURT ATTRACTIVE ENOUGH TO DRAW BANKERS WHO ARE USED TO A GLOBAL METROPOLIS LIKE LONDON?
    Most definitely. Quite apart from the fact that Frankfurt is anyway – contrary to widespread stereotypes – the most important financial centre in Continental Europe, the city is characterised by an extraordinarily high degree of livability. It is dynamic, cosmopolitan and open-minded, has a large cultural spectrum, and at the same time has its very own type of German conviviality as well as a green hinterland within easy reach. Another factor is the city's perfect transport infrastructure, with airport, railway and motorway connections providing access to anywhere in Germany and elsewhere in Europe. And that the cost of living is considerably lower than the pricey City of London or other financial centres like Paris is also an obvious advantage. Now is the time to engage these issues and to highlight the advantages. Once this is accomplished, the city will charm even those people who have not had it on top of their agenda yet.

  • - Frankfurter Rundschau

    „Bodenpreise und Kosten steigen“

    IMMOBILIENINVESTOR ILRICH HÖLLER ZU DEN FOLGEN DES BREXIT FÜR DIE MAINMETROPOLE

    HERR HÖLLER, HABEN SIE MIT DER AUSTRITTSENTSCHEIDUNG GROSSBRITANIENS GERECHNET?
    Ich hatte sie zumindest auf der Agenda. Ich habe bei meinen diversen internationalen Geschäftspartnern in den letzten Wochen vor Ort in London große Nervosität gespürt. Viele Unternehmen haben sich auf den Brexit vorbereitet. Mir war dadurch klar, dass es superknapp wird.

    WAS HAT DEN AUSSCHLAG GEGEBEN?
    Viele Briten sind verärgert über die Dominanz der Deutschen in der EU. Viele EU-Befürworter haben außerdem nicht abgestimmt, weil…

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Tel.: +49 (0) 89 992496-50
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kontakt@pfaff-kommunikation.de

Contact

Contact

GEG German Estate Group AG
Neue Mainzer Straße 20 · MainTor
60311 Frankfurt am Main

Tel: +49 69 274033 0
info@geg.de

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