CBRE annuncia la vendita del complesso “City Gate” a Francoforte

Following the acquisition in 2015 of the 23,000 sqm “City Gate“ (the  former Shell Tower) by an entity asset managed by HRO Germany GmbH “HRO” at  Nibelungenplatz 3 in the City sub-market of  Frankfurt, the building has been successfully refurbished and leased on a long term basis  to approximately 87% occupancy with grade-A tenants, such as Land Hessen, to achieve  the successful repositioning of the “City Gate”  office tower. The real estate consultant CBRE Frankfurt was exclusively mandated with the marketing and sales process. Clifford Chance was the legal advisor for the seller, involved in this transaction.
The estimated Sales price was around 85 m Euro.

Source : Company