CA Immo looks to sell Frankfurt tower

Austrian property group CA Immo is seeking to sell a 75% stake in its 200-metre high Tower 185 building in the Gallus district of Frankfurt.

Market sources told PropertyEU that the vendor has hired CBRE to market the asset valued at around €400 mln.

Located at the entrance of the Europaviertel district, the 100,000 m2 fully let scheme was completed at the end of 2011 and is mainly let to PricewaterhouseCoopers which occupies 68,000 m2 and uses it as its Frankfurt headquarters.

Besides offices, the building provides a conference centre and 551 underground parking spaces.