TD News International Location: Frankfurt

Frankfurt: Godewind buys City Gate for €85mn

23/05/2019 Godewind is acquiring the City Gate in Frankfurt from the HRO Group for €85mn in an asset deal. The gross initial yield is around 4.5%. The 28-story office tower is located on a 3,600 sqm site at Nibelungenplatz in Frankfurt’s Nordend district. The property has 23,308 sqm of total lettable space, occupied primarily by state [...]

Luxury living: Berlin and Frankfurt with highest price increases worldwide

17/05/2019 According to Knight Frank, the global rise in prices for luxury real estate slowed significantly to 1.3% in 2018 – the weakest annual growth rate since Q4 2009, when the financial crisis raged. Two years ago the inflation rate was 4.3%. Bucking the trend, the most important European cities are continuing to experience above-average development, [...]

Frankfurt: Bundesbank move to FBC delayed by one year

15/05/2019 Deutsche Bundesbank will not be moving into its interim offices in Frankfurt’s office tower FBC until summer 2021. The moving date in 2020 originally offered by the owner, a joint venture of Intown and Aroundtown, will not be possible, Bundesbank told TD upon inquiry. The reason was reported today in the “Frankfurter Neue Presse”: Current [...]

Frankfurt: Co-working provider Spaces leases 6,880 sqm in “One”

15/05/2019 CA Immo has established a lease with global co-working provider Spaces for space in the office and hotel tower “One” currently under construction in Frankfurt. Spaces is leasing roughly 6,880 sqm office space on five floors. The tower has a total of 43,000 sqm office space, completion is anticipated in early 2022. CA Immo is [...]

Lang & Cie. builds Deka office building in Frankfurt-Niederrad

14/05/2019 Developer Lang & Cie. is building an office building for Deka on the site of the deconstructed IBM offices in the Niederrad district, a spokesperson for the bank told TD upon inquiry. Around the middle of last year, TD had reported that the bank was looking for up to 70.000 sqm office space, whereupon market [...]

Frankfurt: Publity buys “Access Tower” office high-rise

10/05/2019 Publity has acquired the “Access Tower” office complex in Frankfurt’s “Lyoner Quartier” area. The complex has just under 21,000 sqm of lettable space and is almost fully occupied by various parties. Its last known owner was a company of the real estate investor David Roitman. At 69 meters, the 21-story “Access Tower” is one of [...]

Frankfurt: KanAm moves into the Omniturm

10/05/2019 The KanAm Grund Group has signed a ten-year lease with Commerzreal for 2,550 sqm of office space in the Omniturm high-rise in Frankfurt, and will move into its new home in the city’s banking district in late 2020 after 18 years in the MesseTurm (Trade Fair Tower). KanAm will be renting the 39th and 40th [...]

Generali and Poste Vita buy Frankfurt’s “Marienforum”

10/05/2019 Generali Real Estate has acquired the Frankfurt Marienforum in a joint venture with Poste Vita, the insurance company and subsidiary of Italy’s postal service. Generali released this information on the occasion of the closing of the transaction, which had first been announced in late 2018. This is the joint venture’s first acquisition. The seller is [...]

Frankfurt’s Mayor wants a rent limit

07/05/2019 Rents in all Frankfurt apartments should be allowed to increase by no more than 1 % per year, Mayor Peter Feldmann (SPD) suggested in an interview with the “Frankfurter Rundschau”. A comparable so-called rent limit has already been imposed on city and state-owned housing companies ABG and Nassauische Heimstätte. “We want the measure to extend [...]

Fraport leases 5,000 sqm office space in Frankfurt Airport Center

06/05/2019 Godewind has established a lease for 5,044 sqm office space at Frankfurt Airport Center (FAC) with an MDax company. As TD learned from market insiders, the party in question is airport operator Fraport. The lease starts on 1 October of this year and has an initial term of five years. Godewind had acquired the office complex, [...]