ABG Real Estate Group and HanseMerkur top-out Central Parx project

ABG Real Estate Group and HanseMerkur Grundvermögen celebrated the topping-out ceremony for their joint project 'Central Parx' in Frankfurt’s banking district.

From left to right: Ulrich Haeselbarth, Member of the Executive Board, HanseMerkur Grundvermögen; Ulrich Höller, Managing Partner, ABG Real Estate Group; Christoph Mäckler, architect; Mike Josef, Lord Mayor of Frankfurt; Malte Andes, Deputy Chairman of the Board, HanseMerkur Grundvermögen; Guido Wiese, Spokesman for the Management Board, Development, ABG Real Estate Group

With a total investment volume of around €370 mln, Central Parx is being transformed into a modern office complex with approximately 25,650 m2 of lettable space. The space is already almost fully let, including the renowned law firms White & Case and Noerr, which underscores the strong demand for high-quality office space in central city locations.

Once complete, the building will offer office spaces that meet the demands of contemporary working environments while maintaining the highest architectural quality. These include both open-plan and collaborative workspaces, as well as traditional office layouts, complemented by high-quality communal areas, modern building services and a state-of-the-art digital infrastructure. At the same time, the layouts will be reorganised, connectivity within the complex will be improved, and the link to the adjacent Rothschild Park will be strengthened.

The building complex, comprising the Tower, Studio and Pavilion, was constructed in 1965 to a design by the architect Sep Ruf, one of the leading architects of German post-war modernism, and was used by BHF Bank for more than five decades before the ABG Real Estate Group and HanseMerkur Grundvermögen acquired the site in 2020.

The revitalisation is being carried out in collaboration with the renowned Frankfurt-based architect = Christoph Mäckler with the aim of a refurbishment that meets new-build standards. The characteristic façade structure will be retained and upgraded to meet modern energy efficiency standards. The façade works will be complemented by a comprehensive technical and functional overhaul of the building. The goal is to achieve DGNB 'Platinum' and WiredScore 'Platinum' certifications. Completion of the entire project is scheduled for mid-2028.

Adolf Lupp GmbH + Co. was commissioned as the main contractor for the construction work and is responsible for the execution in a joint venture with Medicke.

Ulrich Höller, managing partner of the ABG Real Estate Group, emphasised: “The conversion, repositioning and redesign of existing buildings is the challenge of the coming decade. Central Parx is an outstanding example of this. Such projects can only be realised through the collaboration of many stakeholders. We are therefore all the more delighted to be able to celebrate the topping-out ceremony together today.”

Malte Andes, deputy chairman of the Board at HanseMerkur Grundvermögen, added: “Iconic properties such as Central Parx shape a city for decades to come. With this revitalisation, we are taking responsibility for a special location in the heart of Frankfurt. The high occupancy rate confirms our strategy of investing specifically in premium office space in first-class locations.”