The Frankfurt branch of IVG Development, the project development subsidiary of IVG Immobilien AG, has sold the office property project in refurbishment to Robert Zapp Grundstücksverwaltung GmbH & Co. KG, Düsseldorf. It was agreed to keep the purchase price confidential.
BGAG's former Management Board building on Savignystrasse was acquired in 2007 by IVG Development and is currently being modernized. Over 2,000 m² of high-quality, flexible divisible office space will be available at this prestigious location between Mainzer Landstrasse and Bockenheimer Landstrasse.
Source: IVG Immobilien AG