With the Global Tower at Neue Mainzer Strasse, a new highlight is being created in the Frankfurt office market. The high-rise building formerly housing Commerzbank will be completely gutted, given a new entrance and completely repositioned. Construction will start in the summer of 2018, with completion planned for the summer of 2020. The total investment volume will be just under EUR 270 million. The project is being developed by GEG (German Estate Group AG) according to the plans of MSM (Meyer Schmitz-Morkramer) architects. For internal design and further design elements, MSM architects will work with renowned Frankfurt interior designer, Oana-Erica Rosen. By implementing the latest sustainability standards, the former administrative building will aim for a “Platinum” green building certification.
A total of more than 33,000 square meters of rental space spread over 30 upper floors will be available. The 9-meter-high New York-style lobby is accessible via entrances to Neue Mainzer Strasse and Grosse Gallusstrasse. On the ground floor there are catering and event areas, as well as retail stores. The three upper floors of the pedestal building have a rental area of up to 2,230 sqm. On the fourth floor, there is also a rooftop terrace. The tower offers up to 1,000 square meters of rental space per floor. The 25th floor features a skyline terrace with breathtaking views of the city.
Ulrich Höller, Chairman of the Executive Board of GEG said: “As a high-rise classic, the Global Tower is a building with a special character that meets all the requirements of modern and international Bürowelt. We expect high demand, especially from the international business world. This is attributable to the growing shortage of large areas of more than 10,000 m², as well as the additional demand triggered by Brexit.”
The building, which was characterised by its timeless architecture, was built in 1974 as one of the first skyscrapers in Frankfurt, on behalf of Commerzbank. Because of its historical importance, it has now been classified as a monument. Architect, Richard Heil originally built it in the so-called “international style”. Its central design elements, such as its monochrome colour, the cubic basic shape or the window fronts arranged in horizontal strips, are reminiscent of several high-rise buildings, including the New York ‘Seagram’ Building of Mies van der Rohe or the Toronto Dominion Centre. These elements will also retain their creative significance in the repositioned building.
Status October 2018: HANSAINVEST Real Assets from Hamburg (Germany) has bought the Global Tower project development.
Status September 2018: Coworking provider Spaces has announced the setup of a large coworking space in Global Tower in 2020 covering 9170 square meters (98705 square feet) of space. Spaces is part of the International Workspace Group (IWG).
Status July 2018: The construction works have started.