Warburg-Henderson has acquired the Schillerhaus office and retail complex in Frankfurt through its asset manager HIH Hamburgische Immobilien Handlung.
Warburg-Henderson has acquired the Schillerhaus office and retail complex in Frankfurt through its asset manager HIH Hamburgische Immobilien Handlung.
The property was acquired from Commerz Real and has been added to Warburg-Henderson’s Deutschland TOP 5 fund. The parties agreed to keep the financial details of the transaction confidential.
Schillerhaus was completed in 2004 and is located in the centre of Frankfurt close to the stock exchange and public transport connections. Around 70% of the total 12,600 m2 of fully leased space is devoted to offices, with 25% dedicated to retail. Key tenants include consultants USP and West Park Management as well as MAB Development.
Ashurst advised HIH and Warburg-Henderson on the transaction. The vendor was represented by Commerz Real.