QUEST Investment Partners has sold the commercial and residential building at Friedrich-Ebert-Anlage 54 in Frankfurt am Main, originally acquired in November 2021, in an off-market transaction. The buyer is an international bank that intends to use the asset as its headquarters. The new owner plans to renovate the currently vacant office space of the architecturally impressive building and to provide the façade with a visual refurbishment.
The seven-storey property, which lies in an established location between the Central Business District and the sought-after Westend, was constructed in 2002 and comprises 3,600m² of office and over 200m² of residential rental space. Furthermore, the building features 29 underground parking spaces. Each floor of the building, which is embedded in the street layout in the shape of a triangle, offers a flexible space suitable for single, double or open-space offices.
“The property's prime location and exquisite view of the Frankfurt skyline and trade fair are compelling. Despite the current hesitancy on the investment market: Demand for centrally located, high-quality office space with modern working environments persists,” explained Luis Walther-Kraft, Chief Investment Officer at QUEST Investment Partners.
Due to its central location, the property is well connected to all transport routes. The underground stop “Messe” is only a minute's walk away, the international airport can be reached in ten minutes and the central train station in three minutes by car.
