Commerz Real sells Grand Campus office complex in Germany

Commerz Real has sold the office complex Grand Campus that is used by Commerzbank at Mainzer Landstrasse 151–157 in Frankfurt to the investment manager Arminius Group, which was acting on behalf of an institutional investor.

It was agreed that confidentiality be maintained on the purchase price.

The office ensemble with 60,800 square meters (654,445 feet) of leasable space was built in 2001 and owned by the closed-end real estate fund CFB-Fonds 137 Trading Center, Frankfurt City, which was issued in the year 2000. This is now being liquidated following the successful sale.

“With the successful sale our investors are profiting from the very dynamic development of this district between the central station and the fair trade grounds,” said Heiko Szczodrowski, head of asset structuring portfolio management at Commerz Real. “As a result of the development, numerous large-scale office and residential projects have been completed in recent years or are currentl