OVG Investment Management has leased 15,000 m² to Commerzbank, on behalf of IVG Institutional Funds. As a result of this transaction the Pollux building occupancy rate exceeds 50%. The Pollux building is a skyscraper designed by Kohn Pederson Fox. BNP Paribas Real Estate advised the tenant.
Coen van Oostrom, CEO of OVG Real Estate, said, "We are very pleased for our investor that we were able to execute one of the major transactions in Frankfurt this year. This deal shows that despite the current market situation new deals can be closed. Besides, this transaction is important for OVG too, since it shows our presence and ambition in the German office market and in particular the Frankfurt market."