Commerz Real had acquired the property for its open-ended real estate fund hausInvest in 2006. Having held the real estate for nine years, the transaction offered the opportunity to make another contribution to the positive development of the fund’s value. The closing of the transaction, which was accompanied by CBRE, is expected to take place this year.
The modern and representative building is located in the Helfmann-Park business zone in the city of Eschborn, which borders directly on Frankfurt/Main. It encompasses a total leasable area of approx. 18,300 square metres, which are virtually fully occupied. In addition there are 422 parking spaces. Moreover, the building is equipped with a photovoltaic plant.
Prior to the transaction Commerz Real had succeeded in extending existing lease agreements prematurely and in reducing the remaining vacancies through the conclusion of new leases.
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