PropertyEU

Hesse Newman buys Frankfurt office building for EUR 73m

By A staff reporter 2010-08-09T00:00:00

German closed-end fund manager Hesse Newman Capital has bought an office building in Frankfurt's central business district for around EUR 73 mln. The property, which has a lettable area of around 45,600 m2, is rented to Deutsche Bahn until 2020. Around 1,900 staff work in the Deutsche Bahn premises.

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