And this is the beginning: Our work in the office building sector began in the 1970s. As a result of the oil crisis of 1974/75, many office buildings in the banking metropolis of Frankfurt stood empty or remained under construction with no end in sight.
For example, DG Bank commissioned us with the expansion and leasing of the 41-storey City-Haus on Platz der Republik. The Frankfurter Büro-Center (FBC) followed in 1979 as another major project. It had remained unfinished during the oil crisis and had not found a buyer for years due to the high construction costs and risks associated with leasing. The building was purchased and completed ready for leasing. Between 1981 and 1984, we also developed, realized, and leased the “Bürohaus an der Alten Oper” for DG Bank, who was also an investor. The 21 floors of the building located in Frankfurt’s banking district were fully leased within a very short period of time.