Buyers found for the Global Tower

The asset manager HANSAINVEST Real Assets GmbH from Hamburg has now acquired a 50% stake in the Global Tower project development of the GEG German Estate Group AG. Upon completion of the project in late summer 2020, she will acquire the building in full for one of her special funds. The entire project development, rental and construction work continues to be the responsibility of the GEG. The Global Tower will have 33,000 sqm of rental space spread over 30 upper floors. The total investment volume is around EUR 340 million. Only a few days ago, the GEG had announced the first large-scale letting immediately after construction began on Europe’s leading co-working provider Spaces (Regus Group).

The seller was advised by Noerr LLP and the buyer of GSK Stockmann by lawyer.

Ulrich Höller, CEO of GEG: “The decision of this highly professional investor to already participate in the project development Global Tower, and then to take over the property after completion, proves the quality and development potential of the Global Tower.”

Nicholas Brinckmann, CEO of HANSAINVEST Real Assets: “Classical meets modernity – this is how you could describe the object that is being created centrally in the banking district in a nutshell. Together with the GEG, we are developing the existing property into a DGNB Green Building certified building, as we are convinced that the Frankfurt location will continue to develop positively in the future. We are looking forward to working with such a powerful partner as the GEG and looking forward to the coming years. ”


As previously reported:

GEG German Estate Group AG, Frankfurt, began construction work on its Global Tower project, the former Commerzbank high-rise, on Neue Mainzer Strasse 32-36 in Frankfurt in mid-2018. The conversion will create state-of-the-art office space here. In the further course of construction, the building classic is initially gutted inside. At the turn of the year 2018/19, the facade will be successively dismantled and the shell work started. By 2020, the building should be completed. The total investment volume will be around EUR 340 million.



Architecture competition for 99 West decided

The Frankfurt architectural office, Cyrus Moser (CMA) has won its second architectural competition to build in the former AfE area. In addition to their previously won “140 West” Apartment and Hotel Tower, the new high-rise building designed by CMA will be built in the new Senckenberg quarter opposite the Naturkundemuseum: the office tower “99 West”.

The last block on the site was set up between Robert-Mayer-Strasse and Senckenberg. Further, the Senckenberg Quarter – an ensemble of two high-rise buildings, a six-storey solitary building and a children’s playground – has been completed. The office tower, which is about 100 m high, borders the park side of the campus and can accommodate up to 1,200 employees on 26 floors (approximately 29,500 gross floor space). On the front of the trapezoidal base, a green roof terrace with a view of the skyline is built at a height of approx. 23 m.

The prize was awarded to six designs by national and internationally renowned architects. The jury – made up of seven architects, city planners and a representative from the competition organiser, Groß & Partner Grundstücksentwicklungsgesellschaft mbH – finally, after much deliberation, selected the Frankfurt architects CMA as the winner of the competition.

“The concept of CMA convinced us because it is particularly well suited to ensemble ideas, which is especially important with regards to the residential area, Bockenheim and the apartments on the cultural campus. The differentiation of the pedestal area and the successful connection to the daycare centre were also rated very positively,” explains Jürgen Groß, Managing Director of Groß & amp. Second place in the competition was awarded to Frankfurt-based architecture agency, Schneider + Schumacher, whilst KSP architects, Jürgen Engel, also from Frankfurt, took third place.

In the Senckenberg quarter of the Kulturcampus, an urban mix of apartments, office space, hotel and gastronomy has been created, as well as an 8-day children’s day care centre. The construction of the “99 West” is set to start in the summer of 2018, with completion planned for 2021.

99 West Frankfurt - Visualisierung


Late honour for the AfE tower

In 2014, the AfE tower, a high-rise building of the Goethe University, was blown up by two controlled explosions. Thousands watched as the tower collapsed. Thanks to the confusing elevator system and the concrete architecture, the tower was not popular with many.

Now, three years after the explosion, the AfE tower has been honoured in the science fiction short film, “Rakka”. Director, Neill Blomkamp – ​​who became famous with his social-critical alien thriller ‘District 9’ – captures the fall of the AfE tower (from minute 1:24) in his latest postapokalpytisches Machwerk. In the movie, “Rakka” aliens have subdued mankind in 2020, kept them captive as slaves and fed them to their children.

Here you can see the short film: