Frankfurt: Invesco buys the “maro” office and retail project
Peakside Capital and Gross & Partner have sold the “maro” office and retail project in Frankfurt to an Invesco Real Estate fund. The two companies had acquired the former BHF-Bank building on the corner of Neue Mainzer Strasse 74/80 and Neue Rothofstrasse in 2013. They are redeveloping it into an ensemble comprising 8,600 sqm of office and 3,800 sqm of retail and restaurant space, with the completion of work planned for the spring of 2016. Invesco Real Estate was advised by GSK Stockmann und Kollegen, Preuss, and CBRE; the sellers by HauckSchuchardt.
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