Patron Capital, the pan-European investor focused on property-backed investments, and its joint-venture partner Sonar Real Estate have acquired Prisma, a landmark office building at Hahnstrasse 55 in Frankfurt for an undisclosed sum. The vendor is the closed-end fund CFB 134 of Commerz Real, asset and investment manager of German Commerzbank.
Sonar will be responsible for the asset management and proposed repositioning of the building, which was built in 2001 and is now vacant. After design and planning phases, the 457,000-square-foot space will be comprehensively renovated with a focus on sustainability and air quality through technical upgrades, including a new HVAC system. Incorporating the latest technology, the scheme will provide future tenants with state-of-the-art office space to meet and exceed their increasingly stringent requirements.
The ground-floor areas, including a lobby with glazed atrium, will become public spaces, incorporating F&B and fitness am
