Repositioning of Special Use Commercial Asset, Frankfurt

The Challenge

  • Special use commercial property in the west of Frankfurt
  • Distressed events hall and gastronomy unit
  • Listed building protection
  • Tight budget for repositioning

The Mandate

  • To secure operation of building
  • To develop a business plan for the respective problem areas
  • To execute the business plan

The Results

  • Form gastro-pub was leased as Kindergarten (change of use planned and planning permission applied for)
  • Local library was extensively refurbished in cooperation with local authority tenant
  • Event operations managed on interim basis to prepare for leasing
  • Further value add angles identified and prepared for execution
  • Sale as partially stabilized asset now seems possible