The Essen site benefits from the effects of agglomeration in the Ruhr. It would be difficult to find a greater density of service providers and suppliers in Germany. Growth in the region and demand for prestigious office spaces is correspondingly high as a result. The EUROPA-CENTER area is on the southern side of Friedrichstraße right by the city centre, only one metro stop away from the main railway station and the inner city. The inner city and the southern quarter are some of the most sought-after office sites in Essen. The EUROPA-CENTER area will comprise approximately 50,000 m² in total once the two new-build projects are completed. Construction of an additional office building as well as a Novum Style Hotel will be finished by the end of 2018.