Warburg-HIH Invest has acquired the Zebra property, a new-build office scheme, from Aurelis in the European Quarter in Frankfurt am Main within the framework of a forward purchase.
The new office scheme is being developed by Aurelis Real Estate in Frankfurt and will have a gross lettable area of 16,700 square metres. The completion is scheduled for late 2021.
Already let to the Deloitte consulting company on a 15-year lease, the single-tenant property is earmarked for an investment fund whose shares are held by a German insurance company and a German superannuation scheme. It was agreed not to disclose the selling price.
“Following the acquisition of the DB Brick and DB Tower developments, which are located in the immediate vicinity of the Zebra property, this represents the next deal we completed with Aurelis at this site,” said HansJoachim Lehmann, Managing Director of Warburg-HIH Invest.
“The transaction illustrates the great mutual trust as well as the highly professional manner in which the processes are controlled on either side. On top of that, we have once again demonstrated our ability to secure outstanding projects on behalf of our clients early in the game,” he added.