PropertyEU

Deutsche RE shops in Frankfurt

By A staff reporter 2007-08-09T00:00:00

Hamburg-based Deutsche Real Estate has bought the Schillerpassage building in Frankfurt/Main from several private banks including BHF bank for approximately EUR 29 mln. The asset provides some 8,700 m[sup]2[/sup] of offices on the upper floors, which were refurbished between 1990 and 1992. Occupancy rate for the asset stands at 53%. ...

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