Franklin Real Asset Advisors (FRAA) has acquired a recently refurbished 9,000sqm residential asset in Germany on behalf of its European social infrastructure strategy.
FRAA, on behalf of its Core Social Infrastructure Strategy, has acquired the former hotel in Frankfurt am Main that has been repurposed as refugee accommodation.
The property is fully let to a non-profit organisation on a long-term lease.
Klaus Schmid, managing director, Franklin Real Asset Advisors, said: “This acquisition reflects our continued commitment to investing in assets that deliver both resilient income and meaningful social impact.
“Germany remains a key market for our strategy, and Frankfurt am Main in particular benefits from strong fundamentals and sustained demand for housing solutions that support local communities.”
Michel Lim, SVP, Franklin Real Asset Advisors, said: “This asset represents a compelling opportunity to invest in high-quality, purpose-driven accommodation that addresses a critical need.
The recent conversion has created a modern and functional living environment, and we see long-term value supported by the asset’s flexibility and its location within a rapidly evolving mixed-use district.”
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