New office building in times of declining construction starts? DER IMMOBILIEN Brief, DER PLATOW Brief and Thomas Daily report on why now is the right time for the KöTower.
DER IMMOBILIEN Brief No. 594 | 28.02.2025
[…] “The product has to assert itself on the rental market. Unfortunately, the industry has focused too much on the exit and not on the quality of the product. In recent years, a lot has been built, but not to a high standard, and sold as quickly as possible. Now the focus is back on quality and attractiveness for the tenants, who ultimately bear the investment with their monthly payments – that’s why we look at our users and offer them the best product.” […]
[…] Franken sees a historically good time to start construction, despite the current depressed investment mood. It is the best timing to start now and finish when nothing new comes onto the market that meets the high demands of tenants. However, this is not a case of “business as usual”, but changing conditions require completely redefined project approaches. According to Franken, you have to come up with ideas and take a hands-on approach. […]
[…] Catella Managing Director Klaus Franken told TD that he is not worried that his 300 million euro project will also become a slow seller: “Even before the official start of sales, we were registering lively interest in the market. We score points with location and quality. Vacancies will not be an issue in the KöTower.” Franken knows that the world of office work is changing and will continue to do so: “As an investor and landlord, you have to be prepared for this. Now more than ever, we need to keep an eye on the long-term lettability of an office property.” […]