' News

• Seven-storey office building with access road
• Around 18,000 square meters of rental space
• Start of construction planned for the first quarter of 2020

Hamburg, August 21, 2019 - Becken, a real estate company operating throughout Germany, remains on course for growth and is further expanding its project pipeline in the greater Frankfurt area. Becken has acquired a plot of around 13,000 square meters for the Lincoln Offices II project development. The plan is to construct an office building with construction expected to start in the first quarter of 2020. Becken has already been able to lease the total rental space of around 18,000 square meters to the state of Hesse on a long-term basis. The state plans to accommodate several offices in the future property.

Olaf Drossert, Managing Director of the newly founded Becken Estates division: "The letting success confirms our strategy of not focusing exclusively on Frankfurt in the Rhine-Main region, but also on the state capital of Wiesbaden." A seven-storey office building with variable room layouts and an access road is planned. In addition to around 18,000 square meters of rental space, around 370 parking spaces are also to be created. Dominik Tenhumberg, Managing Director of Becken Development, explains: "With our real estate projects in the growth region of Frankfurt, we are meeting the urgent need for modern office space." For Frankfurt alone, real estate consultancy Wüest Partner Deutschland has forecast an annual demand of around 61,900 square meters of office space by 2021/22.