WCM Beteiligungs- und Grundbesitz, a subsidiary of Aroundtown’s TLG Immobilien, has announced the sale of an office building in Frankfurt in a share deal worth €144 mln.
According to German press reports, the asset is the Main Triangel scheme, which is 95% let and generates annual rental income of some €5 mln a year. The buyer is believe to be a fund owned by Edmond de Rothschild.
The 15-storey high-rise building provides 17,760 m2 of total space and was acquired by WCM back in 2015 from Aareal Bank for €92 mln.
