German lender Helaba has agreed to provide a €67 mln financing facility for an office building in the Bockenheim district of Frankfurt.
German lender Helaba has agreed to provide a €67 mln financing facility for an office building in the Bockenheim district of Frankfurt.
The Bockenheimer Warte office and residential asset was acquired in early July by a joint venture led by Aurec Capital together with two Israeli insurers including Menora Mivtachim.
Helaba is acting as sole lender in this transaction.
A fund advised by Tristan Capital Partners sold the complex for €95 mln. The properties offer 30,000 m2 of office space, 2,500 m2 of residential space, and 2,500 m2 of commercial and storage space, as well as a 350-space underground parking garage.
The buildings are 98% occupied with an average lease of 11 years. DWP Bank, Nomura and government-owned KFW are the two main tenants.
