The project partners MOMENI and HanseMerkur Grundvermögen celebrate the topping-out ceremony in Cologne's historic banking district. With over 20,000 m² of gross floor space, the project development will create ultra-modern, flexible and unique office worlds in Cologne's traditional ‘first address’ by 2026. The two listed buildings at Unter Sachsenhausen 2 and 4 were completely gutted, while the part of the building in Stolkgasse was demolished as part of the comprehensive revitalisation and replaced with a new, energy-efficient building.
The historic location will soon shine in new splendour thanks to the future-oriented redesign by the renowned Cologne architectural firm caspar. The location benefits from an excellent infrastructure and the immediate proximity to Cologne's main railway station and thus excellent connections to local and long-distance public transport. The directly adjacent city centre of Cologne offers a wide range of shopping opportunities, inviting restaurants and
cafés as well as a large art and cultural offering.
Spacious roof terraces and attractive cathedral views
Flexible room units offer space for traditional offices, open-space solutions and co-working areas and, in conjunction with the nine roof terraces - most of which have an attractive view of the cathedral - fulfil the diverse requirements of ‘New Work’. Gastronomic areas are also planned. They complement the utilisation concept of the area and contribute to the revitalisation of the public space. The attractive inner courtyard connects the three building sections of the ensemble and functions as a meeting place and communication space.
Excellent environment as a basis for new work
‘With the SACHS ensemble, we are combining the tradition of Cologne's banking district with the 2 requirements of the modern working world,’ explained Dr Hanjo Hautz, Managing Director of the MOMENI Group. "Companies are looking for top projects in prime locations. Our project development fulfils the highest standards in terms of quality, sustainability and architecture. With the SACHSEnsemble, we are creating a forward-looking office and business quarter with the best address in Cologne."
Ulrich Haeselbarth, CEO of HanseMerkur Grundvermögen AG, explained: "We invest in top city centre locations in Germany's metropolises. The SACHS, formerly the headquarters of a private bank, emphasises our premium strategy with its excellent location and modern facilities. We are looking forward to adding the property to our portfolio and our asset management in the coming year".
The refurbishment and new build, the construction of which is being realised by the SCHMEING BAU Group , is being carried out in line with high sustainability criteria: The project is aiming for LEEDGold certification and WiredScore Platinum certification to ensure both high energy efficiency and excellent digital infrastructure.
Lord Mayor: Important impetus for the development of Cologne's ‘first address’
The Lord Mayor of the City of Cologne, Henriette Reker, congratulated the project on this important milestone and emphasised its importance for Cologne and for the development of the traditional banking district: "The SACHS office complex is a successful example of how modern architecture can be integrated into the cityscape of Cologne. It is particularly pleasing that significant historical elements have been retained, preserving the
unique character of the banking district, which is steeped in history."
An imposing appearance at a prominent address
The building ensemble immediately catches the eye with its imposing presence. It responds excellently to the directly neighbouring buildings and visibly enhances the entire city quarter
"The SACHS symbolises the transformation of our city centres. Urbanity and life are returning to a place where for a long time hardly any public life took place just a few metres from Cologne Cathedral and the main railway station,‘ explains Caspar Schmitz-Morkramer, who designed the
architecture of the SACHS, and adds: ’The combination of the three buildings from the imperial era, the 1950s and the present day continues the history of the location. The newly designed inner courtyard as a ‘pocket park’ will not only become the link between the three building sections, but also the interface to the public space. With the SACHS, we at are expecting an initial spark for the once so special address Unter Sachsenhausen. Because this location right on the doorstep of Cologne's main railway station and cathedral deserves a new, lively 3 future."
MOMENI and HanseMerkur Grundvermögen as reliable partners for COLOGNE
The MOMENI Group and HanseMerkur Grundvermögen are not only linked by a long-standing partnership through various projects and existing properties. The Cologne location also has a very special, high priority for both companies.
MOMENI Group with a strong presence in Cologne
Cologne has been an important investment centre for the MOMENI Group in Germany for many years. Most recently, the WALLARKADEN project on Rudolfplatz was successfully completed. Furthermore, the MOMENI properties Börsenplatz 1 (including EY, district government Cologne), Unter Sachsenhausen 5-7 (formerly Commerzbank) and the DOMQUARTIER (Deutsche Bank site) in the immediate vicinity of the SACHS project development offer the opportunity to significantly enhance the overall project environment and make a major contribution to the development of the neighbourhood.
