Frankfurt: Invesco set to buy the “Welle”
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 learned, is €620mn. JLL will be running the marketing process for the owners. Neither broker nor owners nor alleged buyer cared to comment on the information upon inquiry. Bloomberg had named Invesco as a likely buyer on Friday, along with an assumed purchase price of €550mn. TD had reported in March just after the Mipim that the “Welle” is up for sale.
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