Real estate acquisitions

La Française Real Estate Partners International acquires an office building1 in the Schwedler Carré, Frankfurt from Deutsche Asset Management

17 August 2017

La Française Real Estate Partners International has acquired, on behalf of two La Française collective real estate investment vehicles, a six story office building from Deutsche Asset Management.

The property is located, at Ferdinand-Happ-Strasse 53, in the mixed use east end district of Frankfurt-am-Main, one of the most dynamic submarkets of the Frankfurt area. The European Central Bank, which established residence in the east end in 2010, has attracted many high quality office and retail tenants, including fintech and service providers.

The building, named Campus 53, was built in 2011 in a newly developed urban retail, office and residential neighborhood (Schwedler Carré), located off the main road, Hanauer Landstrasse, and just 500 meters from the Ostbahnhof railway station. 

The 6.730 m2 building is 100% leased, within a ten-year agreement, to a single tenant, a global advertising agency.

Campus 53 has a loft style entrance on the ground floor, modern office spaces on floors one to five and co-working spaces (conference rooms, lounge and cafeteria) on the sixth floor. The overall technical installation is deemed very good and includes a geothermal heating and cooling system. The office space is easily divisible and hence could be adapted to the needs of multiple tenants. 58 parking spaces are available on the two basement levels.

Jens Goettler, Managing Director for Germany, La Française Real Estate Partners International, said: “Campus 53 is a valuable addition to our existing portfolio. The long-term performance of the asset is promising: given the limited availability of space in Ostend (east end), in the future, we should witness upward pressure on rents, which will positively impact our return on investment.”

1This is an example of an investment held within the portfolio. It is not indicative of future investments and does not fully reflect the composition of the funds.

La Française Real Estate Partners International was advised by Ashurst LLP and TA Europe.

> Click here to download the full press release.

Les sites du groupe
My bookmarks

Pins are saved using cookies. Deleting them from your browser will delete your preferences.

La Française Group provides access to the expertise of a number of asset management companies around the world. To provide you with the most relevant information, we have developed an interface to present the full range of products available for your investor profile and country of residence.
Please indicate your profile
1
Country
2
Language
3
Profile
Your country of residence
Your language
Your profile
<p class="new-disclaimer__legal-notice">Before consulting this website, for your protection and in your interest, please read the “<a href="en/legal-notice/" target="_blank">disclaimer</a>” and “<a href="en/regulatory-information/" target="_blank">current regulations</a>” carefully. This information explains certain legal and regulatory restrictions which apply to individual and professional investors according to local law. By accessing this site, in my non-professional or professional capacity, I acknowledge that I have read and accept the terms and conditions of use. Pursuant to the application of the European Markets in Financial Instruments Directive (“MiFID”), please state to which category of investor you belong&nbsp;:</p>