Announced
Financials
Sources
Tags
Pending
Friendly
Single Bidder
Real Estate Holding and Development
Private Equity
Private
Majority
Cross Border
Germany
Acquisition
Real Estate
office building
Synopsis
Ardian agreed to acquire WestendCarree, an office building in Frankfurt, from publity, a real estate investment company, for $246m. “We are pleased to adapt the amenities of the WestendCarree to offer state-of-the-art office space configurations and working conditions.. Our work will continue to focus on taking into account current ESG criteria and requirements resulting from the coronavirus pandemic. In view of this initial situation and outlook, we are very pleased with the acquisition of WestendCarree as a very attractive property in a market with a very tight supply," Bernd Haggenmüller, Ardian Senior Managing Director Real Estate.
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