Phoenix Real Estate Development GmbH’s Purchase Agreement With GIZ

GSK Stockmann advised PHOENIX Real Estate Development GmbH.

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH has given the go-ahead for a campus in Eschborn. Chair of the GIZ Management Board Tanja Gönner and Managing Director Thorsten Schäfer-Gümbel signed the contract for the purchase of a new property in Ludwig-Erhard-Strasse on a site adjoining GIZ’s current premises in Eschborn. The site is around 32,000m2 in size, and it is planned that by 2025, it will be home to a six-storey building accommodating around 1,000 workstations. The new building will be constructed by Frankfurt-based project developer PHOENIX and the Vienna-based architectural firm Caramel, which won an architectural competition.

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is a federal enterprise with worldwide operations. It supports the German Government in the field of international cooperation for sustainable development. It is also engaged in international education activities around the globe. It has over 22,000 employees across around 120 countries. Through its work, it assists people and societies in shaping their own future and improving living conditions. Its registered offices are in Eschborn and Bonn.

Future-oriented project developments demand outstanding buildings in attractive locations. This principle guides PHOENIX’s work, from planning and construction right through to leasing. By focusing primarily on development in Frankfurt am Main, Munich and Stuttgart, PHOENIX has created a base in three of Germany’s most stable property markets and is using this base to create sustainable investment products both for quality-oriented property investors and for owner-occupiers.

The GSK Stockmann team was led by Johann Rumetsch (Picture), with Volkan Cakir.

Involved fees earner: Volkan Cakir – Gsk Stockmann; Johann Rumetsch – Gsk Stockmann;

Law Firms: Gsk Stockmann;

Clients: Phoenix Real Estate Development GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler