Floreat completes sale of 42,000 sq m Frankfurt office building
Floreat, an independent and privately owned investment group, has sold a 42,000 sq m office building in Heusenstamm, near Frankfurt, to a local buyer.
The building is located at Jahnstrasse 54-64, 63150 Heusenstamm and sold with vacant possession. Savills advised Floreat on the disposal.
Simon van Zoggel, Associate Director, Savills Germany, says: “Germany as a whole, and especially Frankfurt, continues to be one of the most liquid real estate markets in Europe, despite the challenges caused by the ongoing pandemic.”
Richard Clarke, Director Regional Investment Advisory EMEA at Savills, adds: “This building attracted a number of potential national and international buyers and we are pleased to have exceeded expectations for our client. This would not have been possible without the strong investor network and outstanding market knowledge of Savills Frankfurt Investment team.”
According to Savills, commercial real estate worth EUR6.6 billion transacted in greater Frankfurt last year, c19 per cent lower than 2019.