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