Hamburg, August 4, 2020. HanseMerkur Grundvermögen AG has acquired from Lang & Cie. a new office building, the German headquarters of the globally active recruitment agency Randstad in Eschborn, which is still under construction.
As part of the FrankfurtRheinMain metropolitan region, Eschborn benefits in particular from its close proximity to Frankfurt, the airport and the excellent motorway connection. Numerous well-known companies (e.g. SAP, Deutsche Börse, Ernst & Young) have settled in Eschborn in recent years.
The project development consists of an approx. 14,800 m² office building with parking garage with approx. 440 parking spaces and has been rented to Germany’s leading recruitment agency Randstad for at least 15 years. Project development is scheduled to be completed in the second quarter of 2021.
Lang & Cie. was advised on the sale by BNP Paribas Real Estate.
Henning Schneider, responsible investment manager at HanseMerkur Grundvermögen AG: “Due to the steadily increasing rent level in Frankfurt, Eschborn is becoming more and more attractive. The project location is only around a 12-minute drive from the airport and around 15 minutes from the main train station. Thanks to the long-term lease agreement with Randstad, the decision to purchase this high-quality office investment intended for DGNB Gold certification was not difficult.
About HanseMerkur Grundvermögen AG
HanseMerkur Grundvermögen AG bundles all real estate activities of the HanseMerkur Insurance Group under one roof. It is responsible for the management of a significant, steadily growing real estate assets and establishes special real estate funds and other investment vehicles, in which, in addition to the insurance companies of HanseMerkur, other institutional investors can participate. Further information at www.hmg.ag.
About the Lang & Cie. Real Estate AG
The Lang & Cie. Real Estate AG specializes in the development of commercial real estate. The company was founded in Frankfurt a.M. in 2006 and has also had a location in Cologne since 2014. The company covers the entire process chain of major projects, from project initiation to planning and construction, to rental and sale. The focus is on the realization of tailor-made office and hotel projects for well-known national and international customers. Further information at www.langundcie.de.