Bilfinger Real Estate to remain real estate manager of the headquarters of DZ BANK AG in Frankfurt am Main

 DZ BANK AG and Bilfinger Real Estate have renewed their contract for managing a property portfolio in Frankfurt am Main measuring 135,000 square metres in total. The portfolio includes properties belonging to the bank’s headquarters: City Haus 1 at Platz der Republik and the Westend Tower at Westendstraße 1, both located in the city center of Frankfurt.

The extension of the management contract, which has been in place since 1986, is the result of a Germany-wide tender initiated by DZ BANK, which was won by Bilfinger Real Estate. This means that the real estate services provider will remain responsible for property management, technical and infrastructure facility management, construction management as well as relocation and events management at the properties. The contract has been extended by five years, with a renewal option for another two years. The contract volume associated with the engagement is around EUR 45 million.

Horst-Werner Reiser, Head of the Central Region and Member of Executive Management, PM Office Germany at Bilfinger Real Estate: “The extension of the management contract with DZ BANK is a huge success and shows the customer’s high level of satisfaction with our performance. We are proud to have been selected and look forward to continuing our co-operation.”