GEG German Estate Group has acquired the Eurotheum building in Frankfurt/Main from Commerz Real.
Total investment volume amounts to approximately €250 million ($284 million). The 110-meter (380-foot) office tower, with 31 stories and 23,000 square meters (248,000 square feet) of rental space, is located in the center of the banking district. Tenants include inter alia 17 companies from the finance and insurance industry, such as Commerzbank, Visa, Scope, and the co-working provider Mindspace.
The open-ended hausInvest fund, managed by Commerz Real, owned the building since 1996.
