CapitaLand acquires first office building in Germany

CapitaLand acquires first office building in Germany

Published at: 2018-01-03 10:40 | Author: CIJ Journal
CapitaLand has acquired the multi-tenant Main Airport Center (MAC) in Frankfurt. This is the Singapore-based real estate group’s first office acquisition in Germany. The property was purchased at an agreed value of €245m through a joint venture. “The acquisition of MAC leverages the group’s 15 years of experience in Germany and will add to CapitaLand Group’s network of commercial buildings in Asia,” said Lim Ming Yan, president and CEO of CapitaLand. MAC is strategically located close to the Frankfurt airport. The property is expected to attract more tenants when a new metro station, just 600 meters away, opens in 2019.

Similar Stories:

THE MOST EFFERVESCENT REAL ESTATE AREA IN ROMANIA
The area located adjoining Aurel Vlaicu metro, at the junction of Barbu Vacarescu, Pipera  »
Immobel sells Cedet office building in Warsaw for €129.5m
Immobel has sold the Cedet office building in Warsaw for €129.5m to a fund managed by GL  »
First Data leases 4,600 sqm at Equator IV in Warsaw
First Data Polska has leased 4,600 sqm at Equator IV in Warsaw. JLL advised the tenant dur  »
Union Investment acquires Bad Homburg office building
Union Investment has acquired a 6,750 sqm office building in Bad Homburg from Warburg-HIH  »
on behalf of a separate account for a German pension scheme, administered by Institutional   »
Czech Republic  ♦  100 Towers lands Táborská 31
The growing collection of Czech domestic investors that’s become such a force on the loc   »
Romania’s tallest building, the 137m Sky Tower in Bucharest, is to be surpassed next yea   »
Czech Republic  ♦  Three PropTech myths debunked
Something is happening here. And as it happens with anything that’s new, the whole movem   »