On 19 May 2016, the foundation ceremony was held for the new office and administration building on the plot at the corner of Johannstraße and Roßstraße. The new building with 16 regular floors (22,000 m² of office space) and 2 basements was developed by “die developer“ and will be the new headquarters of L’Oréal. Completion is scheduled for late 2017. IQ Real Estate serves as project manager for this project.