Madison Buys Stake in Frankfurt Office Tower
The Morgan Stanley P2 Value Fund is selling its 56.95 percent stake in the Trianon Office Tower in Frankfurt to Madison International Realty, a New York City–based investment company, and its German subsidiary, Madison Real Estate. The Morgan Stanley Eurozone Office Fund will retain its investment in the building.
The Trianon Office Tower totals 69,000 square metres of rental space on 47 floors. The building is 85 percent let, and the anchor tenant is DekaBank.
Madison focuses on acquiring secondary equity capital in real estate, with an emphasis on core properties.