Frankfurt: AEW acquires office tower from Deka
AEW has acquired the “Quadra” office tower, in Frankfurt’s Niederrad submarket, from Deka Immobilien. The 14-story building, located at Hahnstraße 40, has around 10,000 sqm of lettable space and 159 parking spaces, and is almost fully let. The purchase was made for the German Spezialfonds “AEW City Office Germany”; before that, the property had been in the open-ended public real estate fund “Deka Immobilien Europa” since 1974. Savills advised the seller; AEW was advised in legal matters by Greenberg Traurig.
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