Montag, 23. April 2018


  • Pressemitteilung BoxID 683826

Paulus Immobilien and Patron Capital Partners commission plans for an office and hotel complex in Frankfurt's Europaviertel

Frankfurt, (lifePR) - Paulus Immobilien and joint venture partner Patron Capital Partners have instructed Eike Becker Architects to realise a high-rise development project on Baufeld 43 of the Europaviertel, Europaallee 92/Pariser Strasse. The architects had previously been awarded joint second prize, together with the Sauerbruch Hutton practice, in an architectural competition promoted by the City of Frankfurt. No first prize was awarded.

Paulus Immobilien Group and Patron Capital Partners organised the competition, in which six architectural firms took part, after acquiring the commercial development site from Aurelis Real Estate GmbH & Co. KG in mid-2017. The decisive factors for the decision by the six-member jury, chaired by Prof. Zvonko Turkali and including Mike Josef, head of the Planning and Housing Department at the City of Frankfurt, were the economic viability and potentially vitalising function of the design.

The design by Eike Becker Architects envisages a striking 60-metre high-rise office building, in an H-shaped layout with staggered elements and an adjoining seven-storey hotel section. The creation of retail and café and restaurant space on the ground floor facing the Europapark and along Europaallee was rated particularly positive by the jury.

Up to 3,000 workplaces can be created in the office tower. The adjoining hotel will have circa 320-350 rooms, accessible via a striking first-floor lobby. Two basement floors, which extend over both sections of the property, will accommodate approximately 400 underground parking spaces and the ancillary facilities.

"The proposals submitted for the competition were of consistently high quality but the concept by Eike_Becker convinces with its combination of different potential uses, a strikingly confident building and its strong economic viability" commented Christian Paulus, managing partner of the Paulus Immobilien Group. 

Christoph Ignaczak, Managing Director of Patron Capital, adds: "The development of this site is of outstanding importance in the Europaviertel, because it fulfils a gateway function, visible even from afar, to the new 'Europagarten' city park. In addition, we are experiencing strong demand from office and hotel users because of the currently very dynamic Frankfurt letting market, the excellent connections following the extension of U-Bahn line 5, and the very competitive and attractive price levels."

"Competitions are an indispensable tool for us when planning new high-rise buildings, in order to find high-quality architectural city planning concepts. In this case, the objective is to create a building that relates both to the' Prädium' residential tower opposite and to Europaallee and the Europapark.  The two second prizes represent very different solutions for this complex planning situation. Whereas Eike_Becker Architects opted to create two distinctly different buildings, with a classic H-shape for the high-rise building, Sauerbruch Hutton decided on a uniform structure with a modern glass façade and with the sections of the building primarily distinguished by different colours," commented Mike Josef, Councillor for Planning and Housing at Frankfurt am Main.

Construction is envisaged to start in the second half of 2018. The aim is to complete the project by the end of 2020. At that time the overall development of the area is expected to be largely completed.

A forward-looking, sustainable and innovative energy concept will be developed for the office building, to fulfil the high requirements and to do the location as a sustainable high-rise building project justice. The aim is to obtain a DGNB Gold Certificate.

The 90-hectare Europaviertel is one of the largest neighbourhood developments in Germany. It has been awarded a Platinum Certificate by the German Sustainable Building Council (Deutsche Gesellschaft für Nachhaltiges Bauen).

About Patron Capital Partners

Patron represents approximately €3.4 billion of capital across several funds and related co-investments, investing in property, corporate operating entities whose value is primarily supported by property assets and distressed debt and credit related businesses.
Since it was established in 1999, Patron has invested in over 71 investments and programs involving over 65 million square feet (6 million square metres) in 16 countries, with many of these investments realised.

Investors represent a variety of sovereign wealth funds, prominent universities, major institutions, private foundations, and high net worth individuals located throughout North America, Europe, Asia and the Middle East. The main investment adviser to the Funds is Patron Capital Advisers LLP, which is based in London, and Patron has other offices across Europe including Barcelona, Milan and Luxembourg; the group is comprised of 74 people, including a 41-person investment team. Further information about Patron Capital is available at www.patroncapital.com.

Paulus Immobilien GmbH

Paulus Immobilien GmbH was founded by Christian Paulus in 1996. Based in Grünwald, near Munich, the group currently has nine staff. The shareholders of the company are Christian Paulus and Jommac Vermögensverwaltungs-KG. Since the company was founded, Paulus Immobilien GmbH has developed ca. 150,000 sq m BGF (≈GFA) of residential and commercial property. Its activity ranges from individually designed apartment blocks to high-quality commercial buildings. The Paulus Group has been active in the Rhine-Main region since 2013 and has already developed around 20,000 sq m of residential accommodation in Offenbach and eastern Frankfurt. Other projects in the Rhine-Main region are in preparation. The group is still very active in Munich, its original location. The Group is successfully involved in innovative concepts for the further development and/or repositioning of locations that are currently or were previously unattractive, such as the development of the "Vier-Schanzen-Haus" and its commercial surroundings in Neuperlach. (www.paulus-immobilien.group)

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