IC Immobilien Gruppe is further expanding its activities in the Frankfurt real estate market. As of 1 January 2027, the company will take over the technical, commercial and accounting property management for the Palais Quartier in the heart of the metropolis on the Main. The large-scale inner-city ensemble is managed by DWS Asset Management Group and comprises a lettable area of almost 70,000 square metres.
Central building complex at the Hauptwache
The property is situated in a central downtown location at the addresses Thurn-und-Taxis-Platz 2 and Große Eschenheimer Straße 10. The quarter lies in the immediate vicinity of Frankfurt's Hauptwache and connects directly to the MyZeil shopping centre. The mixed-use building complex combines several prominent structures:
- —The Nextower office tower
- —The five-star JW Marriott hotel
- —The historic Thurn & Taxis Palais
- —An associated underground car park
The ensemble was completed in 2011 to designs by the architectural practice KSP Engel und Zimmermann Architekten. Historically, the location looks back on a long period of public-sector use: for decades, the site was known as the postal quarter, dominated by the old main post office building. Prior to the development of the current quarter, the inner-city site had been sold by Deutsche Telekom.
Expansion of cooperation with DWS
With the new mandate for the Palais Quartier, the two partners are consolidating their business relationship. For IC Immobilien Gruppe, this represents a continuation of its cooperation with DWS Asset Management Group. Since 2019, the real estate service provider has already been responsible for managing the Marienturm at Taunusanlage 9-10 in Frankfurt's banking district.
Tarek Abu El-Ez, Branch Manager Property Management Frankfurt at IC Immobilien Gruppe, described the asset as one of the most prominent large-scale ensembles in a central city location. The multifaceted property places high demands on operational management, which the firm meets with its long-standing experience. He also highlighted that the renewed appointment by DWS reflects the growing trust established during their existing cooperation on the Marienturm.
