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The Frankfurt Trianon has been sold

16/11/2018 The sale of the Trianon by NorthStar Realty Europe Corp. to the South Korean financial consortium IGIS/Hana Financial Investment is a done deal. The consulting firm Cushman & Wakefield, which brokered the €670mn share deal, stated that the closing will take place before the end of 2018. The global sales process for the 46-story office [...]

Swiss Life sells majority stake in “Artemis” properties to Lebanese bank group

16/11/2018 Swiss life asset management sold a majority stake in the “Artemis” office portfolio to the SFO Group from Lebanon. The investor is a multi-family office of Saradar Holdings, a family-run bank group with a real estate investment arm, which is entering the German market for the first time. No information has been disclosed about the [...]

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Tristan has acquired the Frankfurt “Werfthaus”

16/11/2018 The Werfthaus, a waterfront building in Frankfurt’s Westhafen area, has been acquired by Tristan Capital Partners for its “Episo 4 opportunity” fund. The previous owners were a joint venture of Dream Global and the Korean pension fund Poba. The sale of the eleven-story office building, with around 14,100 sqm of lettable space, had been announced [...]

Fraser builds business park near Frankfurt

16/11/2018 The Singapore-based real estate company Frasers is developing a business park with around 28,000 sqm of logistics space near the “Frankfurt Egelsbach Airport” for approx. €27mn. Two halls, with 9,000 and 19,000 sqm respectively, are planned for the approx. 4.5-hectare site until now known as the “Mühlloh” area. BioStorage Technologies has already expressed interest in [...]

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Toy retailer Smyths Toys builds logistics center near Hanover

16/11/2018 The Irish toy retailer Smyths Toys Superstores has just turned the first sod for its new Northern European headquarters and logistics center, according to the business assistance agency Deltaland Wirtschaftsförderung mbH. An approx. 50,000 sqm logistics warehouse and office wing is currently being built on 10.7 hectares in the “A27Park Walsrode” commercial district. Bauwo Grundstücksgesellschaft [...]

Frankfurt: Spaces leases 5,000 sqm in the “Kornmarkt Kontore”

16/11/2018 The coworking provider Spaces is moving into the office part of the “Kornmarkt Arkaden” complex in Frankfurt. The company will occupy 5,000 sqm in the “Kornmarkt Kontore” and plans to set up 500 flexible workspaces, according to the developer, OFB Projektentwicklung. The move will take place after the fit out in early 2019. The “Kornmarkt [...]