Friday, January 29, 2021

Commercial Real Estate in Frankfurt, Germany

In December 1960, an ice rink was opened within the oval of the velodrome. Here, the ice hockey team of Eintracht Frankfurt played their home games until 1981. The new arena was officially opened at the 2005 FIFA Confederations Cup, the test run for the 2006 World Cup.

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The grandstands consisted mainly of earthworks, including the former bullet trap for the south grandstand. Only the grandstand on the north side was made of reinforced concrete and had a facade modeled on an ancient Greek theater. The Turkish Football Federation has also staged several games in the arena, as Turks form a significant ethnic minority in Germany. As part of a naming sponsorship by Commerzbank AG, the Waldstadion was renamed the Commerzbank-Arena on 1 May 2005 for ten years.

Waldstadion (Frankfurt)

The home stadium of the football club Eintracht Frankfurt, it was opened in 1925. The stadium has been upgraded several times since then; the most recent remodelling was its redevelopment as a football-only stadium in preparation for the 2005 FIFA Confederations Cup and 2006 FIFA World Cup. With a capacity of 51,500 spectators for league matches and 48,500 for American football and international matches, it is among the ten largest football stadiums in Germany. The stadium was one of the nine venues of 2011 FIFA Women's World Cup, and hosted four matches including the final.

From May 1972 to January 1974, the stadium was rebuilt virtually from scratch to meet the comfort and safety requirements of the World Cup venues. The opening ceremony of the 1974 World Cup was held at the Waldstadion. The first Bundesliga game in the Waldstadion took place on 24 August 1963 – a 1–1 draw with 1. United Property Expo is a large-scale international exhibition attended by thousands of people willing to buy property abroad. The event provides an opportunity to discuss the issues of buying and renting real estate all over the world as well as in the local market of Kazakhstan.

International Football Tournaments

The renovated and enlarged Waldstadion was reopened on 14 May 1955 after 19 months of construction work. The stadium once more hosted national team matches as well as some important games for Eintracht Frankfurt, who reached the final round of the German National Championships in 1959. During the run to the final, 81,000 watched Eintracht beat FK Pirmasens - an attendance record that still stands. The original stadium was opened on 21 May 1925, after four years of construction, its total cost having been 3.7 million marks (equivalent to €14 million today). The site of a former military shooting range was chosen as the location of the sports park, which also included a fairground and integrated cycling and swimming stadium was designed.

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Both the opening match (Germany 4–3 Australia) and the final (Brazil 4–1 Argentina) were hosted at the stadium. Commerzbank allowed the sponsorship contract to expire on June 30, 2020, after 15 years. The new name sponsor as of July 1, 2020 is Deutsche Bank, with whom a contract has been concluded until June 30, 2027, with an option to extend. Since July 1, 2020, the stadium is officially called Deutsche Bank Park. The first major changes to the stadium were made following a game between Eintracht Frankfurt and 1.

Naming rights

Almost 70,000 tickets were sold for a stadium envisioned for only 55,000 spectators, and 200 fans were injured as thousands tried to force entry. Since 2008 the ground has hosted the final of the German Bowl and the final match of the German Football League. The Waldstadion from 1991 to 2007, with a few interruptions, was home stadium for the NFL Europa's Frankfurt Galaxy American Football team. The stadium hosted the World Bowl '98, World Bowl 2000 and World Bowl XV in 2007. The first final of the newly introduced Women's European Cup was held at the stadium in May 2002, and the home team of 1. The second major renovation of the Waldstadion was needed for the 1974 FIFA World Cup.

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The main user of the stadium is the football team Eintracht Frankfurt, which has used the stadium as its home base since 1963. The new Waldstadion is primarily designed as a football stadium, but can be used for other turf sports like American football and major events. The grandstand offers rooms that are for meetings, conventions and other events in external markets.

Today's arena

Commerzbank agreed to pay around €30 million to the city hosting company as part of the deal. During the 2005 FIFA Confederations Cup and the 2006 FIFA World Cup, the stadium was officially referred to as the FIFA World Cup Stadium Frankfurt, as FIFA rules do not permit commercial naming of stadia. The sports complex, which is owned by the city of Frankfurt, includes the actual stadium and other sports facilities, including a swimming pool, a tennis complex, a beach volleyball court and a winter sports hall. The arena has its own railway station, Frankfurt Stadion, on the national rail network. The NFL has planned for two regular season games to be played in the stadium in 2023 and 2025, as part of the league's International Series.

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