German listed real estate group IVG has let 6,800 m[sup]2[/sup] of office spaces in the Frankfurt Central project development to financial service provider Universal Investment. Almost 70, 68% of the space has now been let before the end of construction. The leasing transaction includes 90 parking sites and a storage area.
German listed real estate group IVG has let 6,800 m2 of office spaces in the Frankfurt Central project development to financial service provider Universal Investment. Almost 70, 68% of the space has now been let before the end of construction. The leasing transaction includes 90 parking sites and a storage area.
IVG said the office building was situated in an attractive corner location in relation to the Frankfurt Main Station would be totally refurbished and modernized. A total of 10,000 m2 of rental space will be developed, spread over nine floors, plus 153 underground parking spaces.
Completion is planned for spring 2010.
BNP-Paribas Real Estate acted as an advisor in this transaction.
