Tishman Speyer, a major US-based real estate company, has purchased a 90% stake in Gerrman property investment and management company Aktiengesellschaft Allgemeine Anlageverwaltung vorm. Seilwolff von 1890 (AAA) from its majority shareholders Gunter Rothenberger. The price for share was set at EUR 2.91 each. Tishman Speyer said it plans to retain AAA's listing on the Frankfurt stock exchange.
Tishman Speyer, a major US-based real estate company, has purchased a 90% stake in Gerrman property investment and management company Aktiengesellschaft Allgemeine Anlageverwaltung vorm. Seilwolff von 1890 (AAA) from its majority shareholders Gunter Rothenberger. The price for share was set at EUR 2.91 each. Tishman Speyer said it plans to retain AAA's listing on the Frankfurt stock exchange.
AAA's real estate portfolio includes some 100,000 m2 of office buildings, residential real estate, light industrial and warehouse space. Founded in 1890, the company is headquartered in Frankfurt, where the majority of its assets are located.
