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EQT Real Estate broadens its German portfolio in the Rhine-Main region

Le Byro (1 / 2)
EQT Real Estate I has acquired two multi-let office assets in Frankfurt and Neu-Isenburg. The assets form part of the pan-German portfolio Project Mars, acquired by Eurocastle from DWS in 2007, and represents the fund's fifth investment to date and second in Germany. HSH Nordbank is making available € 79 million for the purchase and refurbishment of two office properties. The loan has a term of just under five years.
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Eurocastle Investment Limited
DWS Investments
EQT Real Estate

Frankfurt is well-known as an attractive base for the European banking and financial services sectors, with a rapidly evolving office market with strong demand from tenants but only a small number of new developments. The two buildings are both modern and strategically located in terms of transport links and political initiatives. The largest one, Atricom, comprises 45,600 square meters and is located in the Lyoner Strasse 15 in Niederrad, while the second building, Le Büro, comprises 23,700 square meters and is located in the Siemensstrasse 1-5 in Neu-Isenburg.

“We are looking forward to EQT Real Estate taking part of the ongoing development in Frankfurt-Niederrad. The area is rapidly changing and the plans for Atricom should make a positive contribution to this part of town”, said Frank Forster, Director at EQT Partners and advisor to the fund.

The EQT portfolio company Apleona GVA assumes responsibility for technical and commercial property management, leasing and project management. The real estate advisory also advised during the acquisition of the properties for the fund and did the technical due diligence on behalf of the buyer. The main task will be to increase the value of the buildings through targeted investment and leasing management. Both parties have agreed not to disclose details of the order volume. The buildings are set to receive a comprehensive refresh and optimization by further modernizing, upgrading and improving the buildings, both technically and visually, in order to offer future and existing tenants a quality working environment.