Barings achieves full letting at LOFT193 in Frankfurt
Barings Real Estate Advisers has achieved full letting at LOFT193 in Frankfurt in less than nine months. When the property was acquired in October 2016, it was over 50 per cent vacant.
One of the new tenants of the six-storey building is Atelier Markgraph, which occupies the 1,155 sq m third floor. In addition, Deutsche Bahn AG has taken over 2,300 sq m on the 4th and 5th floors. Another tenant of the property is the designer furniture retail chain "Who's perfect – La Nuova Casa".
Sascha Becker, Head of Barings Real Estate Advisers' Frankfurt office, says: "Our repositioning of the building, coupled with a well-planned marketing concept 'Colorize your Business', proved to be successful. Various marketing initiatives meant that the property’s new name, 'LOFT193', became well known in the submarket and the open space concepts, in particular the property's special industrial charm with ceiling heights of to 3.60 metres, was appealing to an array of prospective tenants."
‘LOFT193’ is a listed office and retail building with a total lettable area of circa 7,700 sq m, about half of which is office space and half retail space. Dating from the early 20th century, the building was comprehensively refurbished in 2015. Situated in the Gallus district of Frankfurt, it is within easy walking distance of Frankfurt central station and the Europaviertel. The Frankfurt CBD is only two S-Bahn stops away.