The villa is listed as a building of historical importance and once belonged, along with the site as a whole, to the Philipp Holzmann construction group, which used the property as its corporate head office.

A residential and commercial building with 52 one- to three-room apartments and ground-floor retail space completes the ensemble.

The plans for the €480 million project originated from Frankfurt architects JSK, who were commissioned by Holzmann AG.

With building approval granted, the architects subsequently realised their plans on behalf of general contractors ABG and the new owner, DekaBank, which had purchased the building for an open real estate fund of its real estate subsidiary, Deka Immobilien.

The higher floors of the building are occupied by well-known names such as HSBC and Houlihan Lokey.