German investor LBBW Immobilien-Gruppe has acquired the 14,000 m2 Signaris building in the heart of Frankfurt's banking district.
The vendor was Next Estate Income Fund (NEIF), which is managed by BNP Paribas Real Estate Investment Management Luxembourg.
Signaris is fully let to a German bank, and benefits from a DGNB Gold certificate. NEIF stategy is to only invest in properties with green certification.
NEIF is a Luxembourg-based regulated pan-European Fund that offers diversification in the Eurozone office sector to international institutional investors.
The vendor was advised by Linklaters.
