Frankfurt am Main
Welcome to the Frankfurt branch of IVG Immobilien AG! We also manage our properties in the greater Stuttgart region from this office which is located in THE SQUAIRE, the IVG development at Frankfurt Airport.
Twelve properties, belonging to the strategic portfolio and to be transferred to the new company, are located in the Metropoliltan Area of Frankfurt/Main. These assets (incl. development sites / land parcels) are valued at € 1,097m and represent about 34% of the total strategic portfolio by real estate value.
Key metrics of these properties are: | |
---|---|
Lettable Area (000’ sqm) | 295 |
Occupancy Rate | 92.2% |
WAULT1 (Years) | 8.2 |
Annualised In-place Rent2,4 (€m) | 73.4 |
Avg. In-place Rent/Sqm/month3 (€) | 20.0 |
Real Estate Value (€m) | 1,088 |
- incl. Development Sites/Land Parcels (€m) | 1,097 |
Rental Yield (Operating Properties) | 6.7% |
Three properties, belonging to the strategic portfolio and to be transferred to the new company, are located in the Metropoliltan Area of Stuttgart. These assets are managed by our Frankfurt office. The properties are valued at € 305m and represent about 9% of the total strategic portfolio by real estate value.
Key metrics of these properties are: | |
---|---|
Lettable Area (000’ sqm) | 162 |
Occupancy Rate | 99.4% |
WAULT1 (Years) | 4.2 |
Annualised In-place Rent2 (€m) | 24.5 |
Avg. In-place Rent/Sqm/Month3 (€) | 12.0 |
Real Estate Value (€m) | 305 |
Rental Yield | 8.0% |
Note:
All data as of 31-Mar-2016 unless indicated otherwise.
1 To first break option. Weighted by in-place rent. Includes the Hilton Management contract.
2 Annualised in-place rent as of 31-Mar-2016.
3 Excludes parking lots.
4 Includes the net result of the Hilton hotels in THE SQUAIRE which are operated under a long term management contract.
IVG Immobilien AG, Frankfurt Office
THE SQUAIRE 18
Am Flughafen
60549 Frankfurt am Main
Contact lettings
Andreas Göttert | +49 (0)69 606050 1000 | andreas.goettert@ivg.de |
Nihat Eyisoy | +49 (0)69 606050 1000 | nihat.eyisoy@ivg.de |
Contact transactions
Frank Menhart Head of Asset Management |
+49 (0)69 606050 1000 | frank.menhart@ivg.de |
Download directions to office
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