Frankfurt: Invesco set to buy the “Welle”

24/06/2019

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.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.