ABG Real Estate Group has acquired a historic property on Frankfurt’s Rossmarkt together with its joint venture partner HanseMerkur Grundvermogen. The listed building with its striking façade is situated in a prime location between the banking district and the historic Hauptwache building. The property is let to Deutsche Bank, which has been using it as its main branch office in Frankfurt for over 90 years; For several years, Deutsche Bank also used the property as the bank's headquarters. The total investment volume is in the lower triple-digit million-euro range. The seller is a PGIM Real Estate fund.
The office building is located directly on Frankfurt’s Rossmarkt and thus on one of the best-known addresses in the city of Frankfurt. Rossmarkt offers direct access to Goetheplatz and An der Hauptwache, both equally prominent squares, and is ideally connected in terms of transport. The renowned shopping streets Goethestraße and Zeil are also nearby.
The property comprises lettable space of approximately 13,600m² on six storeys above ground. The façade was designed using elements of the Late Baroque and early Classicism periods, creating a highly attractive and unique building in Frankfurt. Situated at the interface of the banking district, the city centre and the "FOUR" project that is being developed, the property also has exciting development potential and great attractiveness for various uses.
Ulrich Holler, Managing Partner at ABG Real Estate Group, said: “ABG Real Estate Group has purchased a unique property on Frankfurt’s Rossmarkt, which stands out not only due to its special architecture in a prime location, but also because of its long history and significant potential.”
