Fechenheim-Deal failed: City of Frankfurt is planning new solutions!

Fechenheim-Deal failed: City of Frankfurt is planning new solutions!

The sale of the Fechenheim industrial park in Frankfurt am Main failed, which means great uncertainty for both the city and the companies concerned. Clariant announced in September 2024 to sell the 42.8 hectare site to the Lugman Group for 95 million euros. However, the Lugman Group has now made use of its right of withdrawal. This happened as a result of the exercise of certain right of first refusal by the city of Frankfurt, which according to fnp.de

The situation is described as frustrating by Nehaal Lugman, Managing Director of Lugman Group, even though it recognizes the city's cooperative attitude. Nevertheless, Ludger Niehues, managing director of the Cassella-Chemiepark Society, expresses his disappointment with the failure of the deal. He sees this an extension of uncertainty for companies that are based in the chemical park and whose investment plans are now in question.

effects on local companies

An example of this is the energy supplier Mainova, which has considered expanding a biomass power plant. These ambitions are now on the brink due to the ambiguity of the future of the industrial park. Niehues also emphasizes that the whereabouts of the Biospring company, which is investing in Offenbach, is now also uncertain. He urgently calls for secure framework conditions to secure the investments and economic strength of the region.

Frankfurt's planning director Marcus Gwechenberger has regretted the failure of the sale and assures that the city will continue to fight for the industrial location. At the same time, the city plans to promote industrial use of the area and to locate new businesses. Bernhard Grieb, Managing Director of Urban Economic Development, confirms the goal of finding a permanent solution for the industrial park. Clariant, on the other hand, remains determined to sell the industrial park because the company has no operational activities there. According to the information from Clariant , the transaction was originally announced on September 17, 2024 and should be revenue of 95 million euros Generating about CHF 70 million in the company's EBITDA for 2025.

The uncertainty about the future of the Fechenheim industrial park remains, while Clariant continues to work with the Knight Frank brokerage to find a new buyer. At a time when the real estate market in the Frankfurt-Rhein-Main region is dynamic, for example according to CBRE Group have.