Construction starts on CENTRAL PARX: ABG Real Estate Group and HanseMerkur Grundvermögen appoint Lupp as general contractor

Construction starts on CENTRAL PARX: ABG Real Estate Group and HanseMerkur Grundvermögen appoint Lupp as general contractor

•    Construction to commence in August 2025; full completion expeted in Q2 2028
•    Certifications targeted: DGNB Platinum and WiredScore Platinum
•    Over 85 percent of the space already leased at construction start 
•    Listed high-rise redevelopment in a prime city-center location with a total project volume of approx. €375 million

Frankfurt, July 3, 2025 – ABG Real Estate Group and HanseMerkur Grundvermögen AG have commissioned Adolph Lupp GmbH & Co. KG as the general contractor for the turnkey construction of their redevelopment project CENTRAL PARX in Frankfurt. As part of a joint venture (ARGE CPX) with Medicke GmbH, Lupp will take the lead in the execution of this complex high-rise project.
Lupp contributes its high-rise expertise to the project and has previously been involved in the realization of notable Frankfurt high-rise developments such as Omniturm, One Forty West and the F.A.Z. Tower. The listed façade of CENTRAL PARX will be professionally and energy-efficiently refurbished by façade specialist Medicke. Demolition and strip-out works have been underway since late 2024. Construction of the building shell is scheduled to begin in late autumn 2025 with the installation of cranes, and overall completion is planned for early 2028. DGNB Platinum and WiredScore Platinum certifications are being sought.
With a project volume of approximately €375 million, CENTRAL PARX ranks among the most significant redevelopment projects currently underway in Frankfurt. The ensemble was originally built in 1965 based on plans by Sep Ruf – one of the most influential architects of post-war Germany – and served for decades as the headquarters of BHF Bank. The extensive redesign includes three interconnected buildings – Tower, Studio, and Pavilion – with a total lettable area of around 25,650 square meters.
Recently, long-term leases were signed with the prestigious law firms White & Case and Noerr, bringing the pre-leasing rate to over 85 percent at the time of construction start. Financing for the project was secured in 2024 through a consortium led by DZ HYP, which is providing approximately €200 million for the realization of the development.
Malte Andes, Deputy CEO of HanseMerkur Grundvermögen AG, commented: “We are pleased to have brought on board Lupp – a proven high-rise specialist we already know from two other major projects in Frankfurt. The fact that we were able to secure two long-term anchor tenants even before construction begins highlights the strong demand for premium office space in top inner-city locations.”
Ulrich Höller, Managing Partner of ABG Real Estate Group, added: “CENTRAL PARX is a prime example of successfully combining heritage architecture, ESG compliance and modern workplace environments. With Adolph Lupp GmbH & Co. KG and Medicke GmbH, we have secured two highly experienced construction partners to ensure the top-quality realization of this ambitious high-rise development. Its outstanding location next to Rothschildpark in Frankfurt’s banking district and its sustainability credentials make CENTRAL PARX a true flagship project.”
Thilo Moser, Managing Director of Adolph Lupp GmbH & Co. KG, said: “The CENTRAL PARX contract is a strong vote of confidence by ABG Real Estate Group and HanseMerkur Grundvermögen. We are excited to support this architecturally and urbanistically demanding project with our full expertise, and we are committed to meeting the highest quality expectations of all stakeholders involved.”

About the CENTRAL PARX building ensemble
The ensemble, comprising the TOWER, STUDIO, and adjoining PAVILION elements, was originally designed by renowned post-war architect Sep Ruf and completed in 1965. Ruf is also credited with iconic designs such as the Federal Chancellor’s Bungalow in Bonn and the German Pavilion for the 1958 World Expo in Brussels.
ABG Real Estate Group and HanseMerkur Grundvermögen AG acquired the site in 2020, after it had been used by BHF Bank for over five decades until 2023. The transformation concept was jointly developed and is being implemented under the direction of esteemed Frankfurt architect Prof. Christoph Mäckler. The aim is to create a highly modern, sustainable workspace of new-build quality while preserving the listed façade.
Located in a prime position within Frankfurt’s banking district, the site directly borders the historic Rothschildpark, providing CENTRAL PARX with a unique and prestigious location.
In 2024, the joint venture partners secured a €200 million construction loan for the high-rise development. DZ HYP acted as lead arranger, partnering with a consortium of cooperative banks to finance the extensive redevelopment of this iconic property.

About ABG Real Estate Group
Founded in Munich in 1967, ABG Real Estate Group looks back on more than 55 years of success. With its three business divisions – Development, Investment Management and Asset Management – the Group covers the entire real estate lifecycle under one roof: from project development and construction supervision to leasing, financing and investment services.
ABG Real Estate Group operates nationwide with offices in Hamburg, Frankfurt, Berlin, Cologne and Munich. With over 85 employees, the company develops, manages and invests in commercial properties, residential buildings and urban quarters. The current volume of assets under management exceeds €3.4 billion.
Its portfolio includes landmark developments such as Deutschlandhaus in Hamburg, the high-rise Skyper in Frankfurt, the urban quarter Living Isar in Munich and the iconic VoltAir in Berlin.
Ongoing projects include the CENTRAL PARX and PALAIS ROSSMARKT developments in the heart of Frankfurt, the Mariengärten residential quarter in Munich, and the YORCKS project in Düsseldorf.