14. August 2018

Marienturm in Frankfurt’s CBD celebrates its topping-out ceremony

Today, in the middle of Frankfurt’s central business district, on the Marieninsel as it is called, the topping-out ceremony for the Marienturm was held. There, project developers Pecan Development GmbH are busy building the tower, which is about 155 metres high and boasts total rental space of 45,450 sqm across 38 storeys, on behalf of Perella Weinberg Real Estate Fund II LP (PWREF II). The high-rise will be commissioned in Q1 2019. The Marienturm at Taunusanlage 9–10 will form part of the Marieninsel office ensemble, which includes the ten-storey and 40-meter-high Marienforum with 11,950 sqm of rental space and the Marienplatz adjacent to it. Construction work on the Marienforum has already been completed.

After a construction period lasting some 21 months, today over 300 construction workers and over 350 other guests celebrated the topping-out ceremony for the Marienturm; among them were City Councillor Mike Josef, the architect Thomas Müller of Müller Reimann Architekten, the various construction companies involved under the auspices of general contractor Hochtief Infrastructure GmbH and all the others involved in the project, the neighbours, future tenants, and media representatives. Following the official ceremony and the foreman declaring the topping out complete, everyone present enjoyed witnessing a surprise aerial acrobatics show that accompanied the topping-out wreath being put in place.

As Markus Brod, Managing Partner of Pecan Development, emphasised in his address, the concept of the Marieninsel has really proven its worth and the location’s importance will invariably increase going forward: “Work time is an invaluable part of the time that is life, so one should spend it in an inspiring and comfortable setting. With our concept of ‘CULTIVATING WORK’ we are offering users a working world with a strong future, as it is geared to appreciation and wellbeing. A broad network and diverse services will in future unite people at Marieninsel. Here, there will be many an encounter, deals will be brokered, friendships founded. Goldman Sachs has already decided to become part of this working world. And ABN AMRO / Bethmann Bank has likewise been won over by the qualities of this new prime address. Demand for office space remains high. Amongst other things, even if no one can say for sure what the actual impact of Brexit will be, we all doubtless share the confident opinion that Frankfurt’s importance as a financial centre on the European continent will in the wake of this development grow even further in the medium and long term.”

In his subsequent remarks, City Councillor and Head of the City Planning Dept. Mike Josef likewise underlined the project’s significance for the location. “The construction of one of the last city centre sites defined in the High-Rise Framework Plan will additionally energise things. The public services and hospitality outlets on the future Marienplatz will give rise to a new meeting place. As a result, the Marienturm will not only be a welcome addition to the skyline, but also to the immediate vicinity.”

Thomas Müller of Berlin-based Thomas Müller Ivan Reimann Architekten, the company that designed the Marieninsel, explained the underlying architectural idea: “From the very outset, we sought to upgrade the adjacent urban spaces. This was one of the key criteria when developing the architectural concept for the Marieninsel. With its highly diverse usages, the office ensemble will decisively shape this part of town. The Marienturm sits well with the architecture of the surrounding buildings and while interacting with the towers in the banking district takes a unique place in Frankfurt’s skyline. Its clear and striking shape lends it elegance and a meaningful appearance.”

Léon Bressler, Managing Partner of Aermont Capital LLP, which is the investment adviser of PWREF II, is equally excited about the project: „We are very pleased about this opportunity to participate in the evolution of Frankfurt’s CBD with such an attractive project. Contributing to the transformation and improvement of urban locations, is one of the key themes of the fund’s investment strategy – from Berlin to Lisbon and from London to Florence. In that light we try to focus especially on balancing the interests of all stakeholders. The Marieninsel will therefore not only create modern offices and valuable workplaces, but likewise include a kindergarten and contribute to the creation of affordable housing – all that in the context of a great architectural addition to the Frankfurt skyline.”

In the Marienturm there will not only be office areas, but also a public lunch restaurant, a café, a childcare centre and a fitness club, meaning that users can rely on a wide range of services. The neighbouring Marienforum and the adjacent public Marienplatz provide additional office space as well as commercial and hospitality outlets. The commissioning of the Marienturm will bring the development of the ensemble at the heart of Frankfurt’s banking district to an end.

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Copyright: Pecan Development GmbH