Latest news with #Hessen
Associated Press
12-05-2025
- Business
- Associated Press
Frankfurt Property Market: Why You Need a Local Real Estate Agent
05/12/2025, Frankfurt am Main,Hesse // KISS PR Brand Story PressWire // Frankfurt stands at the heart of Europe—not only as Germany's financial capital but also as a thriving real estate hotspot. With its modern skyline, international population, and strategic location, the city attracts investors, professionals, and families alike. But navigating Frankfurt's dynamic and often complex property market isn't as simple as browsing online listings. From intricate legal requirements to hidden neighborhood nuances, there are many reasons why working with a Immobilienmakler Frankfurt is not just helpful—it's essential. Frankfurt's Market Moves Fast The Frankfurt property market is one of the most active in Germany. With demand consistently outpacing supply, particularly in prime areas such as Westend, Nordend, and Sachsenhausen, properties are often snapped up within days—or even hours. Local agents have their finger on the pulse. They often know about listings before they hit public platforms and can quickly connect you to opportunities that match your criteria. Without a local expert, you risk missing out in a market where timing is everything. Local Knowledge Is Priceless While Frankfurt may seem compact on the map, its districts differ significantly in character, demographics, price trends, and potential. A local agent brings in-depth insight into these neighborhoods. Want a quiet, family-friendly area close to international schools? Consider Nordend. Looking for a high-end apartment near the banking district? Westend might be your match. Local agents understand these subtle distinctions and can steer clients toward locations that align with their lifestyle or investment goals. Understanding Local Laws and Regulations Germany's property laws are known for being detailed and sometimes daunting—especially for international buyers or first-timers. From contract conditions and notary requirements to taxes like Grunderwerbsteuer (real estate transfer tax), there's a legal maze that can be difficult to navigate without help. A local real estate agent not only understands the ins and outs of these regulations but also collaborates with trusted legal experts to ensure a smooth, compliant transaction. This is particularly important in a city like Frankfurt, where many real estate deals involve foreign nationals. Language and Communication While Frankfurt is a global city, not everyone in the real estate process—from homeowners to bureaucrats—speaks fluent English. Miscommunication can lead to costly delays or misunderstandings. A local agent fluent in both German and English acts as your translator, negotiator, and liaison. They help you understand documents, communicate with all parties, and avoid the pitfalls that often come with language barriers. In a high-stakes market, clarity is key—and that's what local agents provide. Accurate Property Valuation Pricing in Frankfurt can vary dramatically even within the same district, depending on factors such as proximity to transit, upcoming developments, or historical charm. Online estimates may not reflect the true market value. Local agents have up-to-date insights on what similar properties have recently sold for and can conduct a more accurate comparative market analysis. Whether you're buying or selling, this ensures you don't overpay or undersell—two common mistakes made by those unfamiliar with the market. Personalized Service and Network Access Local real estate agents bring more than just listings—they bring a network. From mortgage brokers and appraisers to notaries and renovation experts, their relationships can streamline your entire property journey. Need a lawyer to review your contract? A trusted agent will have one on call. Thinking about remodeling your new apartment? They'll recommend reputable local contractors. This support system saves time, reduces risk, and enhances your experience. Moreover, many local agents offer personalized services tailored to your unique needs—be it relocation, investment, or long-term leasing. Skilled Negotiation and Cultural Nuance Real estate negotiation is as much about culture as it is about numbers. Frankfurt's property owners and developers often have specific expectations in how deals are presented and finalized. A local agent understands these unwritten rules and helps present your offer in a way that's both competitive and culturally respectful. Whether it's managing bidding wars or securing a lower price during off-peak seasons, skilled negotiation can lead to substantial savings or faster closings. Better Access to Off-Market Deals Not all properties in Frankfurt are listed on public platforms. Many homeowners, especially in luxury segments, prefer to sell quietly—through word of mouth or private listings. Local agents often have privileged access to these off-market deals through their personal and professional networks. Working with one can significantly expand your property options, giving you the chance to see high-potential or exclusive homes before they're widely available. Post-Sale Support and Long-Term Guidance Buying or selling a property doesn't end at the closing table. You might need help registering utilities, finding tenants, managing renovations, or navigating local bureaucracy. A good local agent remains a resource long after the deal is done. Their ongoing support and insider knowledge become particularly valuable for expats or out-of-town investors who may not be familiar with German administrative systems. This long-term partnership ensures your property journey in Frankfurt remains stress-free and successful—even after the keys are handed over. Final Thoughts Immobilienmakler Frankfurt market continues to grow in both complexity and opportunity. It's a city where high demand, legal formality, and cultural nuance intersect—creating a landscape that can be challenging without the right guidance. A local real estate agent does more than just open doors to apartments—they open doors to insider knowledge, smart decisions, and long-term success. Whether you're buying your first home or building an investment portfolio, having someone on the ground who understands the local terrain can make all the difference. NAP: Dornbusch Immobilien Eschersheimer Landstraße 230 60320 Frankfurt +4991314151 Original Source of the original story >> Frankfurt Property Market: Why You Need a Local Real Estate Agent
Yahoo
01-05-2025
- Sport
- Yahoo
Eintracht Frankfurt to extend contracts of 2 key players
Eintracht Frankfurt can secure Champions League football with a win against Mainz on Sunday, and with that die Adler are expected to extend the contracts of two players. According to Sport Bild, Frankfurt want to extend the contract of Robin Koch. The defender's current deal expires in 2027 but with a reported release clause between €18m and €20m, the Hessen club wish to buy the German defender out of his clause, and work with him long-term. Advertisement Koch has played 40 games across all competitions for Eintracht this season and has attracted interest from fellow Bundesliga side Borussia Dortmund but a move is currently not a topic for die Schwarzgelben despite a desire to improve their defence over summer. Although Jean-Mattéo Bahoya (19) has a long-term contract until 2029, Frankfurt also wish to extend the Frenchman's current deal. Like with Kauã Santos and Nathaniel Brown, SGE are ready to offer Bahoya a new deal on improved terms. Bahoya struggled in his early days at Eintracht following his €8m move from Angers in January 2024 but has since established himself as an important player. The 19-year-old has featured in Eintracht's last 10 Bundesliga games. Champions League prize money strengthens Eintracht's position With a guaranteed income of around €50m, per Sport Bild, this also gives Dino Toppmoller's side a 'better hand in negotiations' when it comes to Hugo Ekitiké, who has interest from Arsenal and Liverpool. GGFN | Daniel Pinder
Business Wire
21-04-2025
- Business
- Business Wire
Homer City Redevelopment Appoints Corey Hessen as CEO
BUSINESS WIRE)--Homer City Redevelopment LLC ('HCR') today announced it has appointed Corey Hessen as Chief Executive Officer, effective immediately. Hessen replaces William A. Wexler who will transition into the role of Chairman of the Board of HCR's parent company. Hessen will be responsible for leading the transformation of the former Homer City coal power plant into a more than 3,200-acre natural gas-powered data center campus, designed to meet the growing artificial intelligence (AI) and high-performance computing (HPC) needs of the innovative technology companies shaping America's digital future. He brings more than 25 years of experience across the energy sector to HCR and is a recognized industry leader in both power generation operations and new asset development. Working alongside HCR's experienced on-the-ground team, Hessen will focus on overseeing all aspects of the long-term development and management of the Homer City Energy Campus, including construction and power generation and natural gas production. He will also collaborate closely with HCR's partners, including Kiewit Power Constructors Co. and GE Vernova (NYSE: GEV). Andrew Shannahan, a Partner at Knighthead Capital Management, LLC, and member of HCR's parent company's Board of Directors, stated, 'Corey brings decades of experience leading transformational energy projects from inception to power generation that will be vital to the redevelopment of the Homer City Energy Campus. He has not only overseen the development of billions of dollars of new power generation assets but also brings crucial first-hand experience managing the assembly of the GE Vernova turbines that will power the new Homer City facility.' Shannahan added, 'This is an incredibly exciting time for Homer City, and we are confident that Corey is the ideal leader to drive this project forward alongside the talented HCR leadership team. We also want to thank Bill for his dedication to overseeing the initial phase of the project and helping us to accelerate our ability to unlock the immense level of economic opportunity this project will bring to Indiana County and the surrounding community. We are delighted in Bill's continued involvement.' Prior to HCR, Hessen served as CEO and Partner at Black Diamond Energy Partners, where he was responsible for all business activities including asset acquisition, operational functions and transaction structuring. Throughout his career, Hessen has also served in executive roles at TC Energy (NYSE: TRP), Constellation Energy Group (NASDAQ: CEG), Exelon Corporation (NASDAQ: EXC) and Xcel Energy (NASDAQ: XEL). He currently serves on the board of directors of ACES Delta. Hessen stated, 'The Homer City Energy Campus is going to be a game changer for energy generation in Pennsylvania, the entire Indiana County community and America's digital future. I am thrilled to join the HCR team at such a pivotal moment, and I look forward to working closely with our best-in-class partners and local and state leaders to ensure Homer City's transformation happens as quickly and seamlessly as possible.' The new Homer City Energy Campus, which was announced on April 2, 2025, is expected to include the following key attributes and benefits: Delivery of up to 4.5 gigawatts (GW) of power to support AI-driven hyperscale data centers, while reducing greenhouse gas emissions by 60–65% per megawatt hour compared to the former coal plant. Deployment of numerous previously secured long-lead power components coupled with sufficient generating capacity to serve multiple large data center customers and supply power to thousands of homes on the local grid. Creation of more than 10,000 direct on-site construction-related jobs 1 along with approximately 1,000 total direct and indirect permanent high-paying positions 2 in technology, operations and energy infrastructure. An initial capital investment projected to exceed $10 billion for power infrastructure and site readiness, with data center development to inject billions more, making this the largest such investment in Pennsylvania's history. To learn more about the future Homer City Energy Campus, please visit: About Homer City Redevelopment Homer City Generating Station began operations in 1969, employing thousands with jobs and millions of customers with energy when in production. Located only 50 miles east of Pittsburgh, the facility was the largest coal-burning power plant in Pennsylvania and is directly connected to both the PJM and NYISO transmission systems. After powering the region for nearly 55 years, the power plant was permanently decommissioned on July 1, 2023. The Homer City Generating Station has been revitalized through reinvestment and the creation of Homer City Redevelopment LLC. Working with committed and quality partners, HCR is vested in turning the old plant into something positively transformative. For more information, visit: 1 Anticipated total number of direct on-site jobs related to the construction of both the natural gas-powered plant and the data center campus over an expected five-year period. 2 Anticipated total number of direct and indirect permanent positions to support the operations of both the natural gas-powered plant and all aspects of the data center campus once running at full capacity following the completion of the construction.
Yahoo
11-03-2025
- Business
- Yahoo
Germany's military build up continues, but personnel shortages remain
THE HAGUE, Netherlands – The German military continued its rearmament but still suffered from serious personnel shortages last year, a report presented to the country's parliament on Tuesday showed. The paper also detailed the European power's more assertive foreign military involvement, including its navy's first-ever shots fired in a combat situation. Presented by the Parliamentary Commissioner for the Armed Forces Eva Högel, the annual paper outlines the military's status quo while highlighting key shortcomings. Her office was created to ensure parliamentary oversight over the German armed forces. Since Russian President Vladimir Putin's full-scale invasion of Ukraine in 2022, Germany has undergone a deep transformation in how it approaches its armed forces. It has come with a major cash injection to the tune of hundreds of billions of Euros and a more assertive role for its fighting force internationally. Symbolizing this, last fall, the country ratified an agreement for its first-ever brigade permanently stationed abroad, which will be 5,000 strong and whose facilities are currently being built in Lithuania. The Bundeswehr's navy, meanwhile, for the first time ever fired live rounds in a combat setting. It was the frigate Hessen that saw the engagement while on an EU mission in the Red Sea to protect the region's vital shipping routes against attacks by the Yemeni Houthi rebels. For the first time in recent years, Germany's defense spending in 2024 reached the NATO goal of 2% of GDP, the report says, with military expenditures amounting to more than €69 billion, or $75.4 billion USD. Roughly a quarter of this was funded from the special one-off cash injection announced by Chancellor Scholz in the form of a 'Sondervermögen' — a special fund — worth €100 billion ($109 billion) that was created in the immediate aftermath of Russia's invasion of Ukraine. Only about 18% of this funding source is remaining, the commissioner said. The government's budgetary committee approved a record 97 major procurement decisions last year, up from 55 the year before. Several of these large purchase decisions fall in the domain of air defense, which is itself a key priority highlighted in this year's report. In 2024, Germany decided to buy both the Skyranger 30 from Rheinmetall and the Arrow 3 from Israel. The country also ordered new Leopard main battle tanks and 22 self-propelled howitzers to replace those the country sent to Ukraine. But money alone cannot solve some things, and one of the most stubbornly persistent issues plaguing Germany's armed forces remained a central topic in 2024: Staffing. While recruitment increased by 8%, bringing in more than 20,000 new people last year, over a quarter of them chose to leave after their six-month probationary period. Meanwhile, nearly 20% of non-enlisted and 28% of enlisted positions remained vacant. The Bundeswehr is 21,826 heads short of its 203,000 active personnel target, the report laid out. There was a significant structural reform to report, too. The cyber warfare arm last year was elevated to become a full branch of the German military, alongside the Luftwaffe, navy and land forces. On a touchier subject, the report included several pages discussing cases of neo-Nazi sympathies among the ranks and institutional shortcomings in addressing and successfully investigating these situations. In one case, a soldier had reportedly played an SS song for comrades. Only after several years did the case make it to trial; by then, the witnesses professed not to be able to recall whose phone had been playing the song or who had put an end to it. A new enforcement mechanism became available in 2024 following an amendment to the Soldiers Act passed the year prior that sought to accelerate such proceedings. While only a 'small minority of soldiers' harbored extremist views, this mechanism was touted as being a necessary and 'sharp and effective means against identified enemies of the constitution in the Bundeswehr.' Germany's incoming governing coalition of conservatives and social democrats has promised to continue down the path of revitalizing and building up the country's military might. To do so, incoming chancellor Friedrich Merz has suggested exempting defense spending from the country's constitutionally enshrined debt ceiling, a move that would have been largely unthinkable in notoriously fiscally frugal Germany until recently. While this particular proposal is still mired in a political tug-of-war at present, the more militarist tone of the past few years appears here to stay.
