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Cushman & Wakefield wins the Property and Project Management Contracts for Palais Quartier in Frankfurt

The Real Estate Funds division of Deutsche Asset & Wealth Management has awarded contracts to Cushman & Wakefield (C&W) for the comprehensive property management and fit-out of its headquarters in the Palais Quartier buildings in Frankfurt am Main. C&W takes on all aspects of the technical and commercial operation four building tracts totalling 72,500 square metres of the existing ensemble.

In addition to the Nextower office tower, C&W will manage the neighbouring luxury hotel of the Jumeirah Group and the basement parking garage accommodating approx. 1,500 vehicles, as well as the historic Thurn und Taxis Palais. C&W also takes on the project management of the fit-out of the ultra-modern rental areas of the 135 metres and 32 floors of the Nextower and of the Thurn und Taxis Palais.

Frank Nickel, Managing Partner of C&W in Deutschland: “The Palais Quartier is a superlative in the German market. Our integrated concept combining property management, commercial management and project management sets the benchmark for sustainable retention of value.”

The Property & Asset Management of Cushman & Wakefield currently manages some 18 million m² of commercial space in some 2,200 properties, EMEA-wide; Project Management is currently handling the fit-out of over 1 million m² of office and retail space.