The Ascott Limited will lease 5200 sqm of rental space from German Estate Group in Frankfurt within the upcoming RIVERPARK Tower, which will see the creation of a 100 serviced appartments residence under the “Ascott The Residence” brand name, marking its first foray into Germany, Europe.
The space, set to operate under the name “Ascott Riverpark Tower Frankfurt”, will begin construction early next year and is expected to be completed in 2022. Ascott Riverpark Tower Frankfurt will be located over 5 floors and will enjoy a light-flooded lobby with lounge and an open breakfast area. Guests can also look forward to a 150 sqm fitness room and spa, with each serviced residence comprising of a fully equipped kitchen, living space and modern amenities. The tower block itself will offer panoramic views over the city with an ideal waterfront location.
The RIVERPARK Tower will occupy a prime location overseeing Frankfurt’s Main river, ideal for both corporate and leisure travellers, with Frankfurt Central Station and the Westhafen Tower located within 5 minutes walking distance to the property. Frankfurt International Airport is also a mere 15-minute drive away east of the tower. Numerous multi-national corporations and global banking players, such as Deutsche Bank and Commerzbank, are situated north of the tower and can be reached 5 minutes by foot. Tourist highlights, including Kaiserdom cathedral, Roemerberg square and St. Paul’s Church as well as numerous famous museums along the bank of the Main river, are also located close by.
Rosen Architekten has been commissioned to design the space, a Frankfurt-based architectural office, headed up by Oana Rosen, who will design the apartments, as well as the lobby and lounge. The team is expected to centre the design around the theme of elegance and timeless detail, which the Ascott The Residence brand is known for. The building itself is of a cosmopolitan style designed by German-born architect Ole Scheeren, known for bringing buildings such as the The Interlace in Singapore to life, who has used vertical horizon architecture to create the sleek and modern design of the RIVERPARK Tower block.
“It’s always been on our agenda to expand the Ascott The Residence offering beyond Asia, and it’s great to see this European footprint begin within Frankfurt, an exciting metropolitan hub that also includes our Citadines Apart’hotel brand,” says Ngor Houai Lee, Managing Director Europe.
“As demand continues to grow for modern and convenient serviced apartments within key business districts, the “Ascott The Residence” brand offers a blend of state-of-the-art amenities with stylish decor in the hustle and bustle of the city, alongside luxurious standards of service, which you can find throughout our portfolio of properties.”
Ulrich Höller, CEO of GEG German Estate Group AG added: “With one of our key focuses being project development, we are excited to offer this coveted space to world-renowned The Ascott Limited and to be part of bringing the “Ascott The Residence” brand to Germany for the first time. This first-class project is going to be a major asset within Frankfurt upon completion in 2022, and will add a new dimension to the heart of Europe’s economic and financial powerhouses.”