NorthStar Realty Europe sells Frankfurt Trianon Tower for €670m

NorthStar Realty Europe Corp. (NRE) has completed the sale of the Trianon Tower in Frankfurt, Germany, for €670 million ($760 million).

The new owner was not disclosed.

The Trianon Tower, with its distinctive triangular shape, is one of the most iconic office towers in Germany and is centrally located in Frankfurt CBD. It is the sixth tallest office building in Germany at 186 meters (610 feet) with a total rentable area of 68,000 square meters (223,000 square feet) over 46 floors and is NRE’s largest asset.

Since acquiring the asset in July 2015, NRE has completed an extensive refurbishment program including elevator, lobby and canteen renovation, a full upgrade to latest fire, life & safety standards as well as a rebranding focused on highlighting the building's credentials as a dominant landmark in the Frankfurt CBD. NRE subsequently leased seven vacant floors and secured lease extensions with Deutsche Bundesbank, the second-largest tenant, and Fr