German asset manager Triuva has bought an office building in the Ruhr city of Essen off-plan for more than €40 mln.
The Silberkuhlsturm is being developed by local company Köbl Kruse and is due to be completed by the end of 2017. It will have 10,500 m2 of office space as well as 180 parking spaces and is located in the Gruga-Carree office district.
A long-term lease agreement has been concluded with building services company ista International.
Berwin Leighton Paisner Germany LLP advised the buyer on legal and tax issues, while legal assistance for the seller was provided by Kapellmann und Partner Rechtsanwälte mbB.
