The Frankfurt Trianon has been sold
The sale of the Trianon by NorthStar Realty Europe Corp. to the South Korean financial consortium IGIS/Hana Financial Investment is a done deal. The consulting firm Cushman & Wakefield, which brokered the €670mn share deal, stated that the closing will take place before the end of 2018. The global sales process for the 46-story office tower, located in the heart of Frankfurt’s central business district, took more than a year. Investors from Europe, China, Hong Kong and Singapore were among the large circle of interested parties, according to Richard Tucker, Head of Capital Markets Frankfurt at C&W. TD had reported last August that a consortium around IGIS was likely to prevail, and at the end of October the Korean asset management company announced a fund for the Trianon.
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