The international law firm White & Case has signed on as a long-term anchor tenant, leasing all office spaces within the Studio and Pavilion with additional options on all remaining available space within the Tower. The lease spans 15 years and includes 100 car parking spaces and 100 bicycle spaces alongside the modern office areas.
This lease marks another significant milestone in the successful repositioning of the property. With over 85 pct of the project space leased at construction commencement, ABG Real Estate Group has opted not to pursue its previously planned self-occupancy of the Pavilion.
The iconic three-part building ensemble, Central Parx, located at Bockenheimer Landstraße 10, consists of the Tower, Studio, and Pavilion, offering a total rental area of around 25,650 sqm. The extensive revitalisation of the historically listed complex, now reimagined with a modern concept, has already begun with demolition works. The gutting phase started at the end of 2024, vertical construction will commence in late summer 2025, and project completion is slated for early 2028.
Securing White & Case as a top-tier tenant and achieving such a high pre-letting rate at the start of construction highlights the exceptional quality of the Central Parx project. It sets new standards for modern and sustainable workplaces in one of Frankfurt’s most prime locations.
Ulrich Höller, managing partner at ABG Real Estate Group
CBRE and Hauck Schuchardt advised on the transaction.
The building ensemble was designed in 1965 by architect Sep Ruf, one of the most influential architects of the post-war era.
ABG Real Estate Group and HanseMerkur Grundvermögen AG acquired the site in 2020, after it had been used by BHF-Bank for over 50 years until 2023. The jointly conceived transformation is being carried out under the direction of renowned Frankfurt architect Prof. Christoph Mäckler. The goal is to develop the project into a state-of-the-art and sustainable workplace with top new-build quality, while preserving the listed façade. Located in a prime area of Frankfurt’s banking district and directly adjacent to the historic Rothschild Park, Central Parx boasts a unique and exceptional setting.
In 2024, the joint venture partners secured construction financing of EUR 200 mln for Central Parx. As lead arranger, DZ HYP provided the financing together with a consortium of several cooperative banks to fund the extensive renovation and revitalization of this iconic property.
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