Markt 1, Essen

Office building in the middle of the city

This striking property is in a premium location on Essen’s most frequented shopping street.

Markt 1 Facts

Name: Markt 1
Project type: Investment
Location: Kettwiger Straße 47/Markt 1/Kennedyplatz 1, Essen
Plot size: 3,628 m²
Area: 9,900 m²
Use: Retail, Office, Gastronomy, Einzelhandel, Büro, Gastronomy, Warehouse
Acquired in: Q4 2018
Architects: Anschütz u. Dévény Architekturbüro in Gummersbach
Place: Essen


Established and well-known property

The large corner building from the 80s is centrally located in Essen’s pedestrian zone at the popular hub between Markt and Kennedyplatz. The neo-Gothic town hall stood here until 1964, when Markt 1 became the economic and political centre of Essen. In 1963 the town hall was sold to the Wertheim department store group. The department store that had been built there was demolished in the mid-1980s and replaced by the current commercial building. Today’s Markt 1 immediately catches the eye due to its continuous shop window fronts, flexible floor plan design and exposed location.

Versatile use

With 9,900 m² of floor space, distributed over five upper floors and two basement floors, the property offers generous space for retailers. The tenants include a clothing company, two large telecommunications companies and three restaurants. There are also offices on the upper floors.