Sonar Real Estate GmbH, an owner-managed real estate company for investment and asset management as well as project developments, has been entrusted with the operational management of Frankfurt’s landmark property “The Squaire” at Frankfurt Airport.
Christoph Wittkop, CEO of Sonar Real Estate, comments: ” ‘The Squaire’ is one of the most iconic commercial properties in Germany. To be entrusted with the operational management of this unique complex is a particularly important task – especially now that the Corona pandemic is presenting the real estate industry with special challenges.”
“The Squaire” is a 660 meters long architectural masterpiece, up to 65 meters wide and 45 meters high, that was built between 2007 and 2011 according to the plans of JSK International Architekten. The total leasable area of “The SQUAIRE” is of around 143,000 sqm spread over eleven floors, which includes around 93,400 sqm of office space and approximately 5,900 sqm of retail and restaurant space. “The Squaire” is an extremely well-connected micro-city within Frankfurt, where customers can find many restaurants, coffee shops, grocery stores, as well as other high-end retail options.
“The Squaire” also accommodates two award-winning Hilton hotels, offering 583 rooms, 3 restaurants and prestigious conference rooms with capacity of up to 200 people. Integrated into the complex is “The Squaire Parking,” which offers tenants and visitors 3,125 parking spaces on a total of nine levels. It was the first parking garage in Europe to be awarded LEED Gold certification.
Sonar Real Estate will work with Fraport’s real estate management team, which has successfully managed the property as property manager since its inception.
“We have set out to increase the synergy effects between the various users and tenants as quickly as possible. Measures for this include the development and implementation of new space concepts, a further improvement of the tenant mix and of the services offering”, says Holger Hosang, Managing Director of Sonar Real Estate and responsible for the Transaction and Asset Management divisions, explaining the upcoming plans.
In addition to the Hilton hotels, anchor tenants include KPMG, Michelin, Atos and Porsche Consulting. Other tenants include renowned companies such as Nemak, Arthur D. Little, REWE, Rossmann, Plug and Work.
“The Squaire” is the best-connected property in Germany: it is directly connected to Frankfurt airport’s Terminal 1 via a convenient walkway, and it is situated atop of an ICE long-distance high-speed train station. In addition, it is located directly between the A3 freeway and the parallel B43 federal highway near the Frankfurt interchange.
Photo: THE_SQUAIRE_copyright_Pradeep Thomas Thundiyil
