- New development behind a listed sandstone façade
- Around 15,700 m² of office and retail space
- Investment volume of around 250 million euros
- A roof garden covering around 1,600 m² and landscaped courtyards
- Aiming for LEED Platinum, WELL Gold and WiredScore Gold certification
- Completion planned for early 2030
Frankfurt, 12 November 2026 – ABG Real Estate Group and HanseMerkur Grundvermögen AG are beginning construction work on the Palais Rossmarkt in Frankfurt. Behind the listed sandstone façade of the historic building at Roßmarkt 18, a modern new development is taking shape, offering around 15,700 square metres of office and retail space. The investment volume is around 250 million euros. The financing partners are DZ Hyp and Taunus Sparkasse. Completion is scheduled for early 2030. Adolph Lupp GmbH & Co. KG has been appointed main contractor, working in a joint venture with Medicke GmbH.
Historic façade, modern new building
Situated between the banking district, Goetheplatz and Hauptwache, the Palais Rossmarkt was built in the late Baroque and early Neoclassical styles and has shaped the cityscape in the heart of Frankfurt for more than 120 years. The planned redevelopment combines the preservation of the listed architecture of this historic banking location with the requirements of a modern office and commercial building. The planning was carried out in close consultation with the City of Frankfurt and the Hessian State Office for the Preservation of Historical Monuments.
The architectural design is the responsibility of Staab Architekten, a practice with extensive experience of working with listed buildings. The concept provides for the preservation and careful restoration of the historic sandstone façade. Behind this, a new building is being constructed with flexible floor plans, modern digital infrastructure and energy-efficient building services. The building is topped by a set-back, glazed roof structure. The green roof garden, covering around 1,600 m², offers future users additional communal space with views of the Frankfurt skyline, complemented by landscaped courtyards.
“With the redevelopment of the Palais Rossmarkt, the former bank building is being given a contemporary purpose while also making an important contribution to urban development around Rossmarkt and Goetheplatz. I am delighted that new life will return to this site in future and that this central location will be further revitalised. I think it is particularly successful that the roof areas have also been incorporated into the redesign as additional communal spaces. The spacious roof garden will offer new amenities for future users. I would also like to highlight the constructive cooperation between all those involved, which has contributed significantly to the success of this demanding planning process,” says Marcus Gwechenberger, Head of the Department for Planning and Housing at the City of Frankfurt am Main.
Responsibility for the future
Sustainability plays a central role in the building’s technical specifications. Plans include heat pumps, a photovoltaic system and the use of sustainable building materials. The project is aiming for LEED Platinum, WELL Gold and WiredScore Gold certifications.
“With this construction project, we are continuing to invest in high-quality properties in central locations. The combination of historical character and the quality of a modern new build creates excellent conditions for positioning the building successfully in the lettings market over the long term,” explains Malte Andes, Deputy Chairman of the Executive Board at HanseMerkur Grundvermögen AG.
Ulrich Höller, Managing Partner of the ABG Real Estate Group, adds: “I am delighted to once again be able to help shape a piece of Frankfurt’s urban history with the Palais Rossmarkt. This comes with a special responsibility to preserve the building’s identity while also developing it with an eye to the future. After all, it will continue to shape the cityscape for decades to come.”
About ABG Real Estate Group
Founded in Munich in 1967, ABG Real Estate Group has a successful track record spanning almost 60 years. Through its Development and Investment & Asset Management divisions, the company covers the entire real estate lifecycle under one roof – from project development and construction management to leasing, financing and investment management.
The company has a nationwide presence, with offices in Hamburg, Frankfurt, Berlin, Cologne and Munich. With a team of more than 75 employees, ABG Real Estate Group develops, delivers and manages commercial properties, residential real estate and urban districts. Its current assets under management exceed EUR 4 billion.
Its portfolio of landmark projects includes the Living Isar urban district on the former Osram site in Munich, the Deutschlandhaus in Hamburg and VoltAir in Berlin.
Current ABG projects include the Mariengärten and Quartier Helene residential and urban districts in Munich, the “Central Parx” building ensemble and “Palais Rossmarkt” in central Frankfurt, as well as “Yorcks” in Düsseldorf.
About HanseMerkur Grundvermögen AG
HanseMerkur Grundvermögen AG (HMG) is the real estate investment and asset management company of the HanseMerkur Insurance Group. Institutional investors invest alongside HanseMerkur in, among other things, specialised real estate funds and financing funds. More than 70 investors already benefit from this partnership model with HanseMerkur.
The investment focus is on modern and sustainable residential and office properties in Germany’s growth regions. With a team of approximately 115 real estate experts, HanseMerkur Grundvermögen AG currently manages real estate assets worth around EUR 7 billion.
www.hmg.de
