QUEST and Competo let 19,000 sq m in Frankfurt to Nestlé Germany
The "Kreisler” property, a joint project development by QUEST Investment Partners and Competo Capital Partners, has found a new tenant before the construction works have even begun, with food company Nestlé set to take around 19,000 sq m of space for its new German headquarters.
After completion in 2024, Nestlé employees will move from the current location in Niederrad to the centre of Frankfurt.
This modern, 45-metre tall building will comprise 12 storeys with a total area of 25,000 sq m, around 1,900 sq m of landscaped roof terraces and outdoor areas, as well as open-air workspaces in the shade. The two lower floors are to accommodate a staff restaurant and a Nestlé test kitchen, while flexible office spaces are planned on the remaining floors.
The architects at Faller + Krück have designed a layered and elegantly curved building with fluid shapes and rounded corners — a development that significantly upgrades the area. The concept also includes a sustainable LEED Gold certification.
Theja Geyer, Managing Partner at QUEST Investment Partners, states: “The decision by Nestlé Germany is an excellent signal for the development of Frankfurt's Bahnhofsviertel. We believed in the potential of this property from the start and are delighted to have secured such a strong tenant.”
The property is located on the southern edge of the dynamic Bahnhofsviertel, Frankfurt’s railway station district. The site measuring around 4,700 m2 is situated at the corner of Baseler Straße and Gutleutstraße, between the central station and Baseler Platz. The name "Kreisler" is inspired by the former traffic roundabout between the central station and the Friedensbrücke bridge, which was an important junction in the city. With the demolition of the existing office buildings currently underway, civil engineering activities are set to begin in the summer of 2021.
Colliers acted as broker in the transaction; QUEST Investment Partners was legally advised by SNP Schlawien.