Frankfurt: Office building at Uhlandstraße 2 goes to DWS
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).
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.