IVG subsidiary Tercon, developer Ronald Ernst Gruppe and Bilfinger & Berger have been appointed as the preferred bidders for a major scheme above the new mainline station at Frankfurt Airport.
The airport operator is planning a 173,000m2 mixed-use scheme with an estimated total investment cost of €409m (DM800m). The operator is now engaged in final negotiations with the consortium. Tercon is taking a 13.3% stake and IVG services will have 20%. Roland Ernst Gruppe and Bilfinger & Berger are each taking one third of the project.
The scheme will comprise offices making up 20% of the total, a four-star hotel taking up 20% and conference facilities at 9%. One quarter of the total space will be used for car parking facilities. The platform on top of the station will be sold on a leasehold basis. The developers will undertake the project and letting risk as well as the financing.
To the south of the airport grounds, the property and cargo development division of Flughafen Frankfurt Main AG is planning the Frankfurt Airport Park scheme. On an area of 26ha they want to develop a scheme including offices, leisure, a theme park around flying, a visitors centre and airport related services. The FAG is negotiating with potential investors and operators.
