Aermont Capital Friday announced that an affiliated fund has sold the Marienturm office tower in Frankfurt, Germany, to an entity managed by DWS.
Marienturm, located in Frankfurt’s banking district, comprises over 45,000 sqm of Grade A office space across 38 floors.
The property meets some of the highest ESG standards and was awarded LEED Platinum certification in February 2020, with specific recognition for energy and water efficiency, as well as interior room quality.
The combination of location, exceptional physical quality and sustainability credentials resulted in the building being fully leased to a premier tenant roster.
Marienturm is now home to leading global financial institutions such as Goldman Sachs, Bank of America and Mastercard.
Henning Richter, Managing Director at Aermont Capital, says: “The calibre of tenants attracted to Marienturm demonstrates the strong demand for high-quality office space in prime locations that meets the highest sustainability standards, designed for the future of work with a holistic concept. This exceptional combination ensures Marienturm will remain one of Frankfurt’s landmarks for the long-term. We are delighted that Marienturm will be in great hands with DWS.”
Markus Brod, Managing Partner of Pecan Development, adds: “In developing Marienturm, our goal was not only to build an office property, but to create an environment that reacts to the transformation of the working world and in which a future-oriented corporate culture can thrive. “
Oliver Hein, Head of Transactions (DACH) at DWS Real Estate, summarises: “The acquisition of the Marienturm in Frankfurt reflects our strong European investment heritage and our ability to deploy capital effectively. The Marienturm combines all the quality features that characterize a long-term, attractive investment.”
Financial details of the transaction are not being disclosed. The sale process was arranged by JLL and BNP Paribas Real Estate, with Linklaters acting as legal advisor to the seller and Clifford Chance for the buyer.