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. The company is based in Frankfurt am Main and will be an active investor across the Institutional Business, Opportunistic Investments and Developments.

Press

Current

  • - Frankfurter Rundschau

    Mit Rooftop-Terrasse und hoher Lobby

    DER KÜNFTIGE „GLOBAL TOWER“ SOLL DEM BÜROBEDARF DURCH DEN BREXIT RECHNUNG TRAGEN

    Noch vor dem Start der Umbauarbeiten hat die Vermarktung des künftigen „Global Towers“ in der Frankfurter Innenstadt begonnen. Hinter diesem Namen verbirgt sich das alte Commerzbank-Hochhaus, Neue Mainzer Straße 32-36, das von 2018 an komplett umgebaut werden soll. Der Turm, der 1974 nach dem Entwurf des Architekten Richard Heil errichtet worden war, ist im November 2016 von der German Estate Group (GEG) erworben worden. Die investiert jetzt 270 Millionen Euro in den Umbau. Das Hochhaus wird vollständig entkernt. Die Bauarbeiten starten im Sommer 2018 und sollen im Sommer 2020 abgeschlossen sein. Schon vom Oktober 2017 an wird der Herrenausstatter Abaci im Erdgeschoss einen Pop-up-Store eröffnen.

    Am Ende des Umbaus soll das Hochhaus über 33.000 Quadratmeter Büro-Mietflächen auf 30 Obergeschossen verfügen. Eine neun Meter hohe Lobby „im New-York-Stil“ verspricht der Investor, betretbar über Zugänge in der Neuen Mainzer Straße und der Großen Gallusstraße. Im Erdgeschoss erwarten „Gastronomie- und Eventflächen“ sowie Läden die Besucher. Im vierten Obergeschoss entsteht eine „Rooftop-Terrasse“. Die 25. Etage bietet eine „Skyline-Terrasse“.

    Der Entwurf für den Umbau stammt vom Büro „MSM (Meyer Schmitz Mokramer) Architekten“. Für die Innenausstattung arbeiten sie mit der renommierten Frankfurter Innenarchitektin Oana-Erica Rosen.

    Der Investor erwartet eine große Nachfrage „insbesondere von der internationalen Businesswelt“. Das Unternehmen denkt vor allem „an den durch den Brexit zusätzlich ausgelösten Bedarf“.

    Ulrich Höller der Vorstandsvorsitzende der GEG, nannte den künftigen „Global Tower“ ein Gebäude mit besonderem Charakter.

  • - GEG Press Release

    GEG Repositions Classic High Rise as “Global Tower” and Launches Marketing Drive

    Die GEG German Estate Group AG, Frankfurt, is about to kick off the marketing drive for its “Global Tower” project, which involves the conversion of the former Commerzbank tower at Neue Mainzer Strasse 32-36 in Frankfurt that the company acquired from Commerzbank in November 2016.

    GEG will completely strip out the building before fully remodelling and repositioning it as exclusive “Global Tower” on Frankfurt’s office market. Construction measures will start in summer 2018, and are scheduled to conclude by summer 2020. The total investment volume will add up to nearly EUR 270 million.

    The gross lettable area of more than 33,000 sqm is spread across the 30 storeys above the ground floor. The New-York-style lobby with its 9-metre ceiling is accessible via entranceways on Neue Mainzer Strasse and Grosse Gallusstrasse. The ground floor is taken up by restaurants and event venues as well as retail units. The three upper floors of the base building provide up to 2,230 sqm of lettable area. In addition, the fourth floor features a rooftop terrace. The tower’s regular floor plates provide up to 1,000 sqm each. The 25th floor is home to a skyline terrace with a breath-taking view across the city. Between October 2017 and the start of construction work next year, the well-known men’s apparel store ABACI will operate a pop-up store in the generously decorated ground floor of the “Global Tower” that will include business premises and retail areas.

    ULRICH HÖLLER, CEO of GEG: “As a classic high rise, Global Tower is a building of special character that satisfies any requirements the modern international office community might have. We anticipate strong demand, especially by the international business community. It will be generated both by the growing shortage in large-scale accommodation upward of 10,000 sqm and by the extra demand that the Brexit has triggered.”

    REMINDER: PLANS TO REPOSITION CLASSCI OFFICE TOWER IN FRANKFURT
    Based on plans by the architectural firm msm meyer schmitz-morkramer Architekten, GEG will strip out the vacated building before creating flexible office layouts with excellent state-of-the-art specifications for multi-tenant use, and completely overhauling the listed façade. For the interior decoration and design elements, msm Architekten brought the renowned Frankfurt-based interior designer Oana-Erica Rosen aboard. By implementing the latest sustainability guidelines, it is planned to seek a “Platinum” green building certification for the former administrative building.

    Built in 1974 on behalf of Commerzbank, the building with its characteristic timeless architecture was among the first high-rises to be constructed in Frankfurt, and because of its historic significance, it has since been granted heritage protection. It was designed by architect Richard Heil in the International Style. Its central design elements, such as its monochrome hues, the cube-like basic corpus, and the window fronts arranged in horizontal strips, call to mind several classic towers, such as the famous Seagram Building by Mies van der Rohe or the Toronto Dominion Centre. These elements will retain their structural significance in the repositioned building. 

  • - GEG Press Release

    GEG acquires Business Campus am Park (BCP) in Düsseldorf

    GEG German Estate Group AG, Frankfurt, today announced the acquisition of the “Business Campus am Park” (BCP) office property at Werdener Strasse 10, Düsseldorf, comprising approximately 21,000 m2 of rental space, from CETUS Immobilien GmbH & Co. KG, Düsseldorf as part of an off-market transaction. The parties have agreed not to disclose the purchase price. The sole tenant is the international audit firm PricewaterhauseCoopers GmbH (PwC), which employs 1,700 people at its Düsseldorf site and holds a long-term lease.

    BCP, a modern, representative office building, marries high-quality construction with timeless architecture. It enjoys a central location in the city of Düsseldorf, just one subway station away from the main train station, making it quick to reach using public or private transportation. Numerous developments in the immediate vicinity such as the Landesunfallkasse (Accident Insurance Fund) developed by Kölbl Kruse, the 435-room hotel developed by Citigrove, plus over 1,000 apartments in “Living Central” and “FlinCarré” enhance the value of the location, just as the neighboring public park does.

    The building has nine upper floors and three lower floors with a total of 291 underground parking spaces. The multi-purpose office space provides individual single and double offices for concentrated work along with open-plan solutions for team-based work. The archive and utility rooms are located at the center of the wing on the park side and the tower. The ninth upper floor is a conference floor. On the ground floor, there are additional centrally located meeting rooms just off the entrance hall. The staff cafeteria is also located on the ground floor.

    The law firm HauckSchuchardt, Hessische Landesbank, and CBRE were involved in the transaction in an advisory capacity.

    Ulrich Höller, Chief Executive Officer of GEG: “BCP is an outstanding addition to our portfolio in the Institutional Business division, characterized by four key features: prime location, first-class tenant, top-quality construction, and long-term lease.”

Press contact

Thomas Pfaff Kommunikation

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D-81675 München
Tel.: +49 (0) 89 992496-50
Fax: +49 (0) 89 992496-52
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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