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Jorbasa Fotografie via flickr
The sources stated that entrepreneur and developer Erich Schwaiger spearheaded the discussions to acquire the building, which is presently owned by JPMorgan Asset Management and Singapore's sovereign wealth fund GIC.
The transaction might have turned into the biggest in Europe since 2022, when the London skyscraper, which hosts Deutsche Bank's UK headquarters, was sold for €935 million.
The OpernTurm skyscraper, standing 170 meters tall with 43 stories, is situated in Frankfurt's financial district. It hosts prominent financial firms, such as the Swiss bank UBS.
MSCI reports that commercial real estate investments in Europe decreased by 10% in the first quarter relative to the year-ago period. The primary adverse element for the market was ambiguity, mainly connected to the situation in Iran.
source: ft.com
The transaction might have turned into the biggest in Europe since 2022, when the London skyscraper, which hosts Deutsche Bank's UK headquarters, was sold for €935 million.
The OpernTurm skyscraper, standing 170 meters tall with 43 stories, is situated in Frankfurt's financial district. It hosts prominent financial firms, such as the Swiss bank UBS.
MSCI reports that commercial real estate investments in Europe decreased by 10% in the first quarter relative to the year-ago period. The primary adverse element for the market was ambiguity, mainly connected to the situation in Iran.
source: ft.com
