Frankfurt: Office building at Uhlandstraße 2 goes to DWS

11/01/2019

NorthStar Realty Europe (NRE) has announced the sale of an office building in Frankfurt at a price of around $41mn (roughly €35.6mn), with an agreement signed in December last year. TD has learned from market insiders that the buyer is DWS. Closing is still pending. The building, formerly the headquarters of Saatchi & Saatchi, is located at Uhlandstraße 2, near the ECB. Its 7,000 sqm of lettable space is currently about 80% let. NRE has disclosed that it also concluded agreements on the sale of two retail properties in Werl and Bremen for a total price of $4mn (roughly €3.5mn).


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