Site development & conversion
By developing Gateway Gardens, we have designed a new district in Frankfurt. From acquisition via the preparation of a usage and urban concept, the relevant steps for preparing the site and the development itself to the marketing of the area with 35 hectares of gross development area and 24 hectares of net development area, we have undertaken all necessary measures and realized approximately 740,000 meters of floor space. In the process, we were generating a significant trading profit for our customer.
The Mönchhof area used to be an old refinery site - we converted it into a logistics park comprising some 100 hectares of gross space. It is, thus, one of the largest contiguous commercial areas in the Frankfurt Rhine/Main Region. In the context of this project, our responsibilities did not only cover acquiring the site, establishing the planning law and developing the infrastructure, but we also worked out a diversified utilization concept and successfully marketed those plots having full access to public services already.
We realized the comprehensive project development as a so-called forward purchase deal and sold it to an institutional investor. We first acquired the 54,000 square meter property in a joint venture, then the multifunctional, flexibly divisible logistics property was erected according to the most advanced standards. A gold certification pursuant to the DGNB sustainability standard is planned.
We are experts in introducing digital locking systems for our customers. Implementation of the central management tool for the key and locking systems is always carried out on the basis of the software solution used in the specific rental area, by linking rental data with the key-system information. The key documentation is centralized. At present, we are managing some 370,000 keys and 136,000 cylinders for external customers.
Departments involved: Asset & Property Management, Real Estate Consulting
On behalf of our customers, we are replacing obsolete utility billing systems by market-leading billing software. By linking the know-how from our energy management and asset & property management departments, our customers obtain billing certainty while saving time and costs. The system used complies with the latest requirements of energy management.
Asset & Property Management
On behalf of our customers, we provide the entire asset and property management for complex high-rise office buildings - such as the Silver Tower and the Gallileo skyscrapers in Frankfurt. In this context, we prepare tailor-made concepts to optimize rentals and the use of these buildings, in addition we take care of the entire maintenance management and direct external service providers.
Departments involved: Asset & Property Management
In the area of property rentals, we have introduced a robust electronic document management system to be used by our customers and clients. We are in a position to operate a variety of ERP systems run by our customers (including SAP, Drooms, DMS, Remus) and to centralize documents relating to leases in SAP based on the workflow, as well as to provide assurance of reliable internal auditing by preventing losses of documents and avoiding manipulation risks. As part of these measures, we migrated 60,000 plus documents; over 10.000 rental agreements were reproduced.
The synergetic actions of our departments enable us to develop and implement future-oriented property solutions for our customers quickly and efficiently. These may concern the introduction of smart meter systems, the improvement of the CO2 footprint or the interconnection of complex thematic fields in building and energy management - we are always at the cutting edge. Already now, we deliberately rely on mobility hubs, automated valet parking and fast chargers. Our customers greatly benefit from our know-how.
Thanks to our extensive technical know-how, we have first rented out an aircargo hall, including office segment, in the CargoCity South, and afterwards custom-developed it in accordance with the user's requirements. In the process, we implemented state-of-the-art energetic standards. The project was realized both in time and in budget. The investment costs amounted to approximately €18 million, as planned.
We realized a complex conversion project on the former premises of the TICONA chemical plant. We acquired a refuse dump property and, in co-operation with public bodies, completed the complex processing of the quite substantial damage caused by contaminations. In this context, we were also responsible for the zoning and planning permissions. As regards the approvals under water resources law, we also coordinated the extensive consultations with water rights holders and government agencies.
We are also proficient in the "housing" asset class. We have demonstrated our expertise by appraising, acquiring, managing and optimizing a diversified heterogeneous housing portfolio comprising some 300 properties. In the context of the successful, auditable implementation of this project, we have also assumed the coordination of reviewers, notaries, administrators and other service providers.
With Fraport's corporate headquarters, we have developed an office and administrative building for around 700 staff, including a basement garage for 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 integrated. We covered the entire representation of building owner interests, both commercially and technically, and have complied with all deadlines, budgets and quality requirements at all times. The construction costs amounted to approximately €57 million.
Site development, marketing and project development
Thanks to a complex planning law development of a green area into a high-quality construction site for commercial operations in the Gateway Gardens the sustainable opening-up of the land area was assured. Optimizing the use and dividing Land Area 16 into three marketable lots resulted in a successful acquisition of prospective buyers. An innovative hotel featuring a 14,000 square meter gross floor area and office premises covering some 9,000 sq.m. and 6,200 sq.m. will be set up on the three lots.