The joint venture led by SHVO and Deutsche Finance America has closed on the acquisition of the Transamerica Pyramid Center, San Francisco’s most recognizable office tower and a fixture in the waterfront skyline for nearly 50 years.
It is the first time that the building has sold.
The joint venture purchased the 48-story tower and complex for $650 million from Aegon NV, the Dutch insurance company that assumed ownership the property in 1999 as part of its purchase of Transamerica Corp., the building’s namesake, which has owned and operated the tower since its completion. SHVO and Deutsche Finance America will ensure the Transamerica Pyramid’s instantly recognizable profile and the Transamerica Corporation’s logo will be maintained. SHVO and Deutsche Finance America acquired the properties together with a group of European investors anchored by Bayerische Versorgungskammer (BVK).
The Transamerica Pyramid opened in 1972 at 600 Montgomery Street, long known
