Austrian real estate investment company Akron has acquired the ABC Tower at Cologne airport from an unnamed private investor for about EUR 70 mln, according to a press release. The deal marks Akron's biggest acquisition of an office building in Germany to date.
Austrian real estate investment company Akron has acquired the ABC Tower at Cologne airport from an unnamed private investor for about EUR 70 mln, according to a press release. The deal marks Akron's biggest acquisition of an office building in Germany to date.
The 66-metre high building comprises 18 floors, a lettable area of 20,000 m2 and 450 parking spaces. International tenants include Philip Morris and Catlin. Vienna-based Akron purchases, develops, and manages office and logistic buildings and shopping centres in Eastern, Western and Central Europe.
