Frankfurt: RealConcept buys land for office complex
RealConcept (Aschaffenburg) has acquired an approximately 16,000 sqm site in Frankfurt which holds office buildings and a parking deck. TD has learned from market insiders that the plots are located at Homburger Landstrasse 285-289. European Property Partners (EPP), which managed the property for its former UK owner, represented the seller and advised on the transaction. RealConcept sees potential for the development of a new office and administration complex with more than 20,000 sqm of UFA. The site has direct highway and subway access.
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