German asset manager publity AG has sold the Access Tower, a 21-storey office building in Frankfurt am Main, Germany.
Details of the buyer and sale price remain confidential.
The property boasts 21,000 m2 of rentable space, centrally located on Lyoner Straße 36, in the office district of Frankfurt-Niederrad. With its almost 70 metres in height, it is one of the highest office buildings in the area.
The modernized building features high sustainability standards and recent certifications include WIRED-SCORE Silver and Shore Gold, indicating top safety standards.
The anchor tenants of the property are health insurance company Barmer and the Fitseveneleven gym.
Frank Schneider, CEO of publity, commented: ‘High-quality office properties with modern standards continue to be in demand on the real estate market. This is underpinned by the example of the Access Tower and the completed transaction.’
The Access Tower was built in 1970 and completely modernized in 2002. It was acquired by publity in 2019 and at the time the Hamburg Commercial Bank (HCOB) provided €52 mln for the purchase.
The Access Tower allows easy access to major transportation hubs such as the Frankfurter Kreuz interchange, Frankfurt’s main railway station, and Rhine/Main airport.
