Relocation of Headquarters to Frankfurt a. M.
After the First World War had been lost and Palatine had been politically separated from Deutsche Reich and renamed Westmark by the occupying forces, the extraordinary general meeting of Wayss & Freytag AG which took place on February 2, 1923, decided to relocate the company’s head office from Neustadt an der Haardt to Frankfurt am Main. Customs barriers which had been introduced by the occupation authorities in Palatine plus the restricted ability to move about and the closing down of railway transport, the loss of important business areas caused by cession of Saarland and the occupation of Alsace-Lorraine by France, were all reasons to relocate to the free Frankfurt.
In spring of 1924, suitable premises were found at Wilhelmsbrücke, corner Wilhelmstraße and Schaumainkai, and the construction of a new administrative building started. Since it proved impossible to find rented flats for the employees who were affected by the move due to the housing control, an own residential building had to be built in Waidmannstraße.
The head office’s move took place in the second half of 1925, after it had been possible to present very positive annual accounts for 1924 during the general meeting on May 19, 1925.