French asset manager Corum AM has acquired the second building in the office complex “der Dornhof” at Siemensstraße 10 in Neu-Isenburg, Frankfurt from the developer Red Square for an undisclosed sum. This is Corum‘s first purchase in Germany.
French asset manager Corum AM has acquired the second building in the office complex “der Dornhof” at Siemensstraße 10 in Neu-Isenburg, Frankfurt from the developer Red Square for an undisclosed sum. This is Corum‘s first purchase in Germany.
The building is 100% let to the main tenant PSA Peugeot Banque which occupies 8,400 sq m.
Savills had an exclusive mandate to advise Red Square on the transaction. The law firm Hauck Schuchardt was the legally advisor for Red Square. The buyer was advised by Bolton Investment Management and their legal advisor was Kraske Melcher.