IVG leases 6,800 m² in the center of Frankfurt to Universal Investment (DE)

IVG has let 6,800 m² of office spaces, 90 parking sites and storage area in the Frankfurt Central project development to financial service provider Universal Investment GmbH. As a result, 68% of the total letting space has been let before the end of construction.

The office building with an attractive corner location vis-à-vis to Frankfurt Main Station will be totally refurbished and modernized. A total of 10,000 m² of rental space will be developed, spread over nine storys, plus 153 underground parking spaces.

The distinctive property will set a strong optical highlight on the station forecourt and - at the same time - fit in harmoniously into the semicircle of existing buildings. Completion is planned for spring 2010.

BNP-Paribas Real Estate acted as an advisor in this transaction.

Source: IVG Immobilien AG

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