Cara Real Estate, the real estate arm of the Cara Group, has acquired the office building "Untermainkai 27-28" in Frankfurt, located directly on the Main river from Credit Europe Bank. The parties agreed not to disclose the purchase price.
The property, with its listed front building, is one of the most striking properties on Untermainkai. Originally built in the 19th century, the building was converted and extended in 2010 for the German branch of today's Credit Europe Bank. The property comprises approx. 4,00 m² of rental space and offers 12 underground parking spaces. The space not used by the seller is let long-term to two service companies.