Gloram acquires “Chemag-Haus” in Frankfurt am Main
Frankfurt am Main, 03 March 2022
- Acquisition of a unique listed office building
- Emerging location between Westend and Bockenheim at Senckenberganlage
- Extension of long-term portfolio
Chemag-Haus is an office building erected by the Frankfurt post-war modernist architect Ernst Balser in 1952. The listed building is situated on a prime site at Senckenberganlage between the neighborhoods Westend and Bockenheim, in close proximity to the fair grounds and directly opposite the new building projects OneForty West and Senckenberg-Turm (99 West).
Only recently, the magazine “Architectural Digest” called Chemag-Haus, due to its minimalist and timeless design, “an architectural jewel of the fifties” and describes it as one of the “most beautiful and exceptional forgotten buildings in Frankfurt” (AD 9/2021). On an area of approx. 2,800 m2, Chemag-Haus offers contemporary and efficiently designed rental spaces with flexible floor plans
Within the last 24 months, Gloram has doubled its assets portfolio to € 500 million. The acquisitions include, among others, Westend Tower (previously Coreal Tower) on Grüneburgweg in Frankfurt am Main, Victoria Turm at Mannheim Central Railway Station, the residential and medical building Central View in Hanau, Willi-Becker-Allee 11 at Düsseldorf Central Railway Station as well as Chemag-Haus in Frankfurt am Main.
BNP Paribas Real Estate advised on the the transaction.