Degussa Head Office
The site of Degussa AG’s former head office in Frankfurt offered an outstanding urban development opportunity, as it was located between the Main river and Weissfrauenstrasse, directly opposite Frankfurt’s theatre and opera houses.
PROPROJEKT carried out an in-depth due diligence on the potential for value added redevelopment afforded and represented Degussa’s interests vis-à-vis the City of Frankfurt and neighbouring property owners.
PROPROJEKT was commissioned to estimate the market value on the basis of revised trial designs, to prepare the tender documents (compiling an Information Memorandum in English), to evaluate bids and support the negotiations with the “best bidders”.
- Project development concept
- Due diligence
- Estimation of market value
- Investor selection process