The Frankfurt office property Frankfurt Central, Am Hauptbahnhof 18, was sold by TRIUVA to Aberdeen Asset Management
The over 10,000 sqm building, with the Hessische Landesbahn and Element as its principal tenants and which was fully refurbished in 2010 in accordance with a design by Christoph Mäckler Architekten, was sold with an occupancy rate of 44%. Aberdeen acquired the property on behalf of an institutional client and plans to stabilise and hold onto the property over the long-term.
Oceans & Company marketed the property on the instructions of TRIUVA on the basis of a structured, international bidding process. There was overwhelming interest in the property, with particularly strong interest shown by private-equity funds from the English-speaking world.
Once again, this transaction demonstrates Oceans & Company's expertise in the sale of office property in the opportunistic/ value-added risk category.