TD News International Location: Frankfurt

Frankfurt: Regus expands in “The Squaire” and in the Messeturm

11/07/2019 Regus is expanding its Business Center in the Frankfurt hotel/business complex “The Squaire” from 4,600 to 5,600 sqm, as well as renovating its existing space. The expansion includes a conference hall with a capacity of 200. The company says that the expansion is in response to high demand at its location directly at Frankfurt Airport. [...]

Over €1bn in financing for “Four Frankfurt” high-rises

03/07/2019 The last contracts were recently signed for more than €1bn in financing for the “Four Frankfurt” high-rise quarter, currently under construction. The four towers, including their corresponding parts of the shared base, will each be financed separately. Capital is being provided in various structures by the more than 20 financing partners of the client, Groß [...]

Wirtgen Invest: already three acquisitions in 2019

02/07/2019 Wirtgen Invest closed its third real estate deal with the purchase of the “T8” office building in Frankfurt in 2019. The family office has confirmed the deal with Mirae, which had been reported exclusively by TD and valued at €400mn, and has announced that it is also the end investor in the redevelopment of the [...]

Invesco confirms purchase of “Welle” for €620mn

28/06/2019 Invesco Real Estate has announced the purchase of the “Welle” complex in Frankfurt. As TD recently reported, the purchase price for the 80,500 sqm office complex is €620mn. The sellers are AXA Investment Managers Real Assets and Norway’s sovereign wealth fund, which  acquired the property together with the “Kranzler Eck” in Berlin for €784mn in [...]

GEG acquires Frankfurt’s Palazzo Fiorentino for €50mn

28/06/2019 The GEG German Estate Group has acquired the Frankfurt property Palazzo Fiorentino, with almost 11,000 sqm of lettable office space and 102 below-ground parking spaces. The seller is BMO Real Estate Partners, in Munich. The total investment volume, resulting from a competitive bidding process, is around €50mn. GEG has acquired the property for its manage-to-core [...]

Frankfurt: Tattersall-Lorenz to manages”Lyoner Stern” office building

28/06/2019 Tattersall-Lorenz has been entrusted with the property management of the “Lyoner Stern” office building in Frankfurt. Investcorp has owned the property since April 2019. Asset manager is Montano. The Rhine-Main branch of Tattersall-Lorenz will take over the technical and commercial management of the property. The office property has around 28,100 sqm of lettable space. The [...]

Commerz Real buys five-star hotel in “Four Frankfurt”

26/06/2019 Commerz Real is taking over the roughly 9,000 sqm of hotel and retail space of the “Terra” tower in Frankfurt’s high-rise quarter “Four” for the open-ended private fund “Hausinvest”. The seller is developer Groß & Partner. The building section is being constructed on Junghofstraße 9-11, the landmarked façade will be preserved. Once completed, the “Terra” [...]

Frankfurt: Invesco set to buy the “Welle”

24/06/2019 The sales process for the office complex “Die Welle” in Frankfurt is about to be finalized. As reported in market circles, Invesco is currently in negotiations with the owners, the Norwegian sovereign wealth fund and Axa, as the only bidder. The signing could take place in the next two weeks. The expected purchase price, TD [...]

Frankfurt: South Korean firm sells “T8” for €400mn

21/06/2019 Mirae Asset Management has sold Frankfurt’s “Taunusanlage 8” office building, only two years after buying it, for €120mn above purchase value in an off-market deal signed earlier this week. The South Korean investor had acquired the approx. 29,160 sqm of office space near the Alte Oper shortly after its completion for €280mn from Credit Suisse’s [...]

Frankfurt: DB and TÜV rent 5,470 sqm in Niederrad

21/06/2019 The Deutsche Bahn subsidiary DB Engineering & Consulting and TÜV Rheinland have signed a lease for space in an office building at Saonestraße 3 in Frankfurt’s Niederrad district. While the railway company will take over 4,345 sqm of the property, TÜV will open an academy on its 1,125 sqm in August. The landlord, Garbe Immobilien-Projekte, [...]