TD News International Location: Frankfurt

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 [...]

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 [...]

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 [...]

Godewind buys Frankfurt Airport Center for €168mn

14/11/2018 A joint venture between Godewind and Erwe has acquired around 89.9% of the Frankfurt Airport Center (FAC) office complex from Madison International Realty and Peakside Capital as part of a share deal. The agreed net purchase price was approx. €168mn for the office property, with approx. 48,000 sqm of lettable space and 182 parking spaces. [...]

Dream Global buys Innovum in Nuremberg, sells Werfthaus in Frankfurt

09/11/2018 Dream Global is acquiring the Innovum office complex in Nuremberg from the UBS fund Euroinvest. The Canadian REIT has stated that the agreed purchase price is €79.6mn, corresponding to a cap rate of 5.1%. The closing is to be held today. The eight buildings were constructed between 2000 and 2012 and have a total of [...]

Frankfurt: South Koreans initiate fund for “Trianon”

29/10/2018 The “Trianon” office tower in Frankfurt will most likely go to Igis Asset Management. As TD Premium reported in August, the South Korean asset manager is in negotiations with current owner Northstar Realty Europe, who had mandated Cushman & Wakefield to find a buyer. Now, Igis is launching a private fund at the end of [...]

Summit Germany buys gas stations and retail parks for €86mn

29/10/2018 Summit Germany is taking over a portfolio of eight multi service centers in Germany from developer Fortress Immobilien. The purchase price is €86mn including transaction costs. Annual rental income currently comes to roughly €5.8mn. Summit quotes the yield 6.75 %, and expects rental income to increase to €6.1mn over the coming years. Fortress Immobilien built [...]

Frankfurt: Deloitte leases 17,000 sqm in project Zebra

23/10/2018 Auditing and consulting firm Deloitte has chosen a new location in Frankfurt, and will be moving from City West to the new building on Europa-Allee 91-93 during the 4th quarter of 2021. The 15-year lease was brokered by Colliers International. The 17,000 sqm lettable space are now fully let even before the start of construction. [...]

Frankfurt: Nintendo leases 15,000 sqm in Niederrad

19/10/2018 The video game manufacturer Nintendo will be moving its European headquarters to a new location in Frankfurt’s Niederrad district in the summer of 2020, having leased 15,000 sqm on Goldsteinstraße in the city’s Goldstein quarter. The property is being developed by Lang & Cie. Colliers International acted as broker. Nintento’s European headquarters are currently in [...]