SEB Asset Management has recorded a significant leasing success in Frankfurt's Mertonviertel district. At the end of March 2011, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin Federal Financial Supervisory Authority) signed a lease for the 'Undine' office building, which was previously occupied by management consultant Pricewaterhouse Coopers.
The 10-year lease was arranged by Knight Frank. BaFin will also operate a canteen and its own day-care center in the property.
The seven-storey complex in Marie-Curie-Strasse is an excellently appointed office property in the north of Frankfurt. The building with its 130-metre long, wave-shaped facade has been in the portfolio of the SEB ImmoInvest open-ended real estate fund since 2001.
About the Mertonviertel
The Mertonviertel is an office location covering some 60 hectares in the north-west of Frankfurt. The district is named after Wilhelm Merton, who established metals company Metalgesellschaft here in 1881. Today, the Mertonviertel has 20 office and commercial properties with total gross floor space of 380,000 m². The location's key advantages include its excellent transport connections with several underground railway lines and direct motorway access (A661), as well as its position at the heart of a lively mixed-use area. The district is home to well-known companies such as Dertour, Zurich Versicherung, Daewoo, SriLankan Airlines, GEA Group and the Bundesanstalt für Finanzdienstleistungsaufsicht.
Source: SEB Asset Management