CV Real Estate AG receives building permit for new CANYON office building

(Munich/Frankfurt am Main, 10.05.2023) The City of Frankfurt has granted planning permission for the CANYON office property planned in Frankfurt's Central Business District. The Munich-based project developer CV Real Estate AG is planning to construct a sophisticated new office building on the site at Mainzer Landstraße 23 that will meet all sustainability criteria. Before the new building can be started, CV Real Estate will first begin with the above-ground demolition of the existing building. The basement floors will remain partially intact. The use of R-concrete, which will consist of recycled construction waste from the existing building, will significantly reduce the use of grey energy.

A modern and ESG-compliant commercial complex with around 36,000 m² of rental space will be built in a central city location by the end of 2026. In addition to office space, the 15-storey CANYON will also include restaurant and retail space, which is planned primarily for the ground floor of the property. Future users of the CANYON will have access to 105 car parking spaces, around a third of which will be equipped with e-charging columns, as well as 445 bicycle parking spaces. CV Real Estate AG is aiming for LEED Platinum and Wired Score certification for the building. The mixed-use property was designed by KSP Engel Architekten.

Christian Vogrincic, CEO of CV Real Estate AG, says: "With the CANYON, we are setting very special standards in terms of ecological sustainability. The primary energy demand of the property will be one third below the requirement value for new buildings. With large-scale façade greening and planted roof terraces, we are bringing a piece of nature into the pulsating city, which stands for internationality and urbanity. True to the motto: 'Business goes where nature grows'."

The project site is located in the middle of the city on the Main between the main railway station and Taunusanlage. The micro-location has a very high density of international banks, consulting firms and law firms. CANYON's well-known neighbours include the Bundesbank, Bank of America, Deutsche Bahn, DWS, Goldman Sachs, Linklaters and Mastercard.