The 6-storey office building is currently under construction by Vivico on the "Nord 1" plot of Frankfurt's European Quarter, directly adjacent to the Mövenpick Hotel Frankfurt City. The ground-breaking ceremony took place on 28 October 2008. The completed building will have a gross floor area of approximately 34,000 sq m, comprising around 23,000 sq m of rental space and underground parking for 181 cars. Some 50% of the space has already been let to BNP Paribas. Union Investment Real Estate AG has signed a general lease with Vivico Real Estate GmbH for the rest of the space.
Vivico is handling construction and marketing of the building itself. The offices will be handed over to tenants ready for use. The ground floor of the complex will provide around 2,900 sq m of space for catering and retail outlets. The aluminum, glass and natural stone façade is designed to match the urban character of the Boulevard, while integrated green spaces will be visible from the street. The architects responsible are Schneider + Schumacher. Completion is scheduled for 2010.
"We continue to see excellent investment opportunities for our funds in Germany," says Dr. Frank Billand, a member of the Union Investment Real Estate AG Management Board. "This acquisition gives us an outstanding property in one of the most promising locations in Frankfurt, a city which benefits from being a major trade show venue." "The fact that we can already name the end investor for this development project is testament to its soundness and viability," says Gregor Drexler, director of asset management at Vivico.

... more abot the Boulevardin the city quarter Europaviertel