Frankfurt Airport Services Worldwide
60547 Frankfurt / Main
Site development and conversion
With Gateway Gardens, we have developed a new district in Frankfurt. We performed all the necessary steps and set up around 740,000 square meters of floor space. We acquired the space; developed a usage and urban development concept; prepared and developed the site; and finally marketed the site, which comprises 35 hectares of gross development area and 24 hectares of net development area. In the process, we generated a significant profit for our client.
The Mönchhof Development Area used to be an old refinery site. We converted it into a commercial site comprising some 100 hectares of gross space. It is, thus, one of the largest continuous commercial zones in the Rhine-Main region that has yet to be developed. Our responsibilities for the project covered not only acquiring the site but also establishing the planning law and developing the infrastructure. We also developed a diversified usage concept and have already marketed those plots that already have full access to public services.
This extensive logistics project development was carried out as a forward purchase deal and sold to an institutional investor. This means that the investor already buys into the property during the project development phase and pays either in installments based on construction progress (forward funding) or when construction is complete (forward purchase). Fraport acquired the 54,000-square-meter site in a joint venture and constructed the multifunctional logistics property, which can be divided up flexibly, to the latest state of the art. A gold certification pursuant to the DGNB sustainability standard is planned.
We are experts in introducing digital locking systems for our clients. Implementation of the central management tool for the key and locking systems is carried out on the basis of the software solution used in the specific rental area, by linking commercial rental data with the key system information. The key system documentation is centralized. At present, we manage some 370,000 keys and 136,000 cylinders for external customers.
We replace old energy billing systems with market-leading billing software for our customers. We interlink the knowledge from our Energy Management and Asset & Property Management departments to give our customers billing certainty while also saving them time and money. The system used complies with the latest requirements for energy management.
Asset and property management
On behalf of our customers, we handle the entire asset and property management of complex high-rise office properties such as the Silver Tower and Gallileo skyscrapers in Frankfurt. As part of this, we prepare tailor-made concepts to optimize rentals and usage, take care of all maintenance management and manage external service providers.
In the area of property rentals, we have introduced a robust electronic document management system that can be used by our clients. We can handle a wide variety of enterprise resource planning systems used by our customers (SAP, Drooms, DMS, Remus), centralize documents of relevance to lease agreements in SAP based on workflows, and ensure audit compliance at all times by preventing the loss of documents and opportunities for manipulation. In the course of our work, we have migrated more than 60,000 documents and reproduced over 10,000 rental agreements.
Digitalization and innovation
The fact that our departments work together in synergy means we are able to develop and implement future-proof property solutions for our clients quickly and efficiently. Whatever the project – be it the introduction of smart meter systems, the improvement of the CO2 footprint or the interconnection of complex issues such as building and energy management – we are always at the cutting edge. We are already focusing specifically on mobility hubs, automated valet parking and fast charging stations. Our customers benefit from our knowledge.
Project development and energy management
Using our extensive technical expertise, we first leased an airfreight hall complete with office space at CargoCity South and then custom-developed it in accordance with the user’s requirements, implementing state-of-the-art energy standards in the process. We implemented the project not only on schedule but also on budget for approximately €18 million.
We implemented a complex conversion project on the former premises of the TICONA GmbH chemical plant. We acquired a contaminated site and, in cooperation with public bodies, embarked on the complex process of clearing up the damage caused by contamination. We were also responsible for the zoning and planning permissions. To obtain permits from the water authorities, Fraport also successfully coordinated the extensive consultations with water rights holders and government agencies.
We are also proficient in residential matters. We have demonstrated our expertise by appraising, acquiring, successfully managing and optimizing a heterogeneous residential portfolio comprising some 300 properties. We also coordinated the work of appraisers, notaries, property managers and other service providers to ensure the project implementation was successful and audit-compliant.
In the case of Fraport’s corporate headquarters, we developed an office and administrative building for around 700 employees, including a basement garage with some 300 parking places. The gross floor area above ground alone covers some 23,000 square meters, including technical facilities. The building features open-plan office structures and has obtained platinum certification by the DGNB German Sustainable Construction Association. Valuable works of art were also integrated. We covered the entire representation of building owner interests, both commercially and technically, and complied with all deadlines, budgets and quality requirements at all times. The construction costs amounted to around €57 million.
Site development, marketing and project development
The complex planning law development of a green area into a high-quality core construction site in Gateway Gardens facilitated the sustainable development of the land area. Optimizing the usage and dividing Land Area 16 up into three marketable construction sites allowed us to successfully acquire prospective buyers. Innovative hotels featuring around 14,000 square meters of floor space and office premises covering some 9,000 and 6,200 square meters will be built on the three separate plots available on the site.