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
