German police PPP signed

The Hessen government has signed a PPP contract for a police headquarters in the Frankfurt region; UK firm to invest equity

Developer Goldbeck will design, build, maintain and operate the police station, and assume responsibility for financing during the construction period.

The project is the German contractor’s single largest project, with construction to cost €137m.

The Bielefeld-based firm has brought in Amber Infrastructure as an investment partner. The UK fund manager has committed to invest €8m for a 45% share in the project through its International Public Partnerships (INPP) fund, which will come into effect following satisfactory construction completion, anticipated to occur in mid-2020. 

The centre will provide a headquarters to the police in South-East Hesse in Offenbach, 5km from Frankfurt. It includes office space, meeting areas, a cafeteria, police station, cells, nursery, multi-purpose hall, parking deck and outside facilities on a 37,000sq m site accommodating 800 staff.  The gross floor of the project is 67,472sq m and includes 700 car parking facilities.

This week, INPP closed a share placement raising the required £80m. Amber has an office in Munich.