IVG leases 6,800 sq m in the centre of Frankfurt to Universal Investment
09.07.2009
IVG let 6.800 sq m office spaces, 90 parking sites and storage area in the project development „Frankfurt Central“ to financial service provider Universal Investment GmbH. Therefore 68 per cent of the total letting space has been let before end of construction.
The office building with an attractive corner location vis-à-vis to Frankfurt Main Station will be totally refurbished and modernised. 10,000 sq m of rental space will be developed, spread over 9 stories, plus 153 underground parking spaces. The distinctive property will set a strong optical highlight on the station forecourt and -at the same time- fit in harmonically into the semicircle of existing buildings. The completion is planned for spring 2010.
BNP-Paribas Real Estate acted as an advisor in this transaction.
IVG Immobilien AG
IVG Immobilien AG is one of Europe’s largest real estate companies. The Company focuses on properties and caverns. Through its network of branches in selected major German and European cities with around 700 employees, IVG currently manages its own properties with a market value of €6.1 billion, as well as specialised funds and mandates for institutional investors with a volume of €12.0 billion and closed-end funds with a volume of €3.3 billion. In total, IVG manages assets worth more than €22 billion.
Press Contact
Jens Friedemann
Phone: +49 (0)228 / 844-133
Fax: +49 (0)228 / 844-338
Mail: jens.friedemann@ivg.de
