11. Januar 2012     Print Print 

Tower 185 completed

Tower 185
CA Immo has completed Tower 185, an office high-rise in Frankfurt’s Europaviertel district – on time and within budget. Rental premises in the tower were simultaneously handed over to PwC (PricewaterhouseCoopers), the principal tenant. The total investment in Tower 185 stands at approximately € 450 million.

The 200 metre-high Tower 185 in the Frankfurt Europaviertel has been completed following a construction period of just 33 months. Bernhard H. Hansen, the CTO of CA Immo AG, revealed that, “Tower 185 is the biggest single project that CA Immo has implemented to date. We are very proud not only to have completed the project on schedule, but also within the constraints of our budget. Our subsidiary omniCon, which was responsible for construction management and oversaw the overall project on a contract by contract basis, played a major part in this achievement.”

As Dr. Bruno Ettenauer, Chief Executive Officer of CA Immobilien Anlagen AG, recalls, “We started construction work for this strategically important development project in the middle of the fiscal crisis. Early in 2009, at a time when credit was extremely hard to come by, we obtained an assurance of credit financing with a volume of € 254 million from a banking syndicate. This was a remarkable vote of confidence in the ability of CA Immo to deliver as well as in the development project itself. Now, after having finished that project successfully, CA Immo is starting with strength and an extended portfolio in the year 2012. ”

PwC has let an approximate total of 68,000 square metres of office space in Tower 185. The company plans to merge all of its Frankfurt operations in the building. PwC relocated some 1,300 employees to the lower levels of Tower 185 in December 2010; till April 2012 another 1,300 staff will transfer to the premises that the company is now letting.

Tower 185 was designed in compliance with stringent sustainability criteria (DGNB Pre-certification) by Prof. Christoph Mäckler Architekten. At 200 metres, the high-rise is the fourth tallest office building in Germany. Now, after the building completion, the LEED Gold Certification will be finished. The structure offers rental space totalling approximately 100,000 sqm. Another tenant in the building is the international law firm Mayer Brown LLP.

Centrally located on Friedrich-Ebert-Anlage (between the banking district and the Frankfurt Exhibition Centre), Tower 185 stands at the entrance to the Frankfurt Europaviertel, where CA Immo has already constructed several properties both on its own account and with partners and investors. Since June of 2011, CA Immo has been creating one of the final building blocks of the district in partnership with ECE Projektentwicklung: the Skyline Plaza shopping and entertainment centre plus adjoining conference centre. The complex is scheduled to open as early as the autumn of 2013. Accommodating around 180 shops, a range of international restaurants, a 9,000 sqm health and fitness zone and a roof garden spanning some 10,000 sqm, Skyline Plaza dovetails with the vibrant mix of usages that characterises the Europaviertel.