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01.07.2019

GSK Stockmann advises AXA Investment Managers - Real Assets on the sale of the office complex “die welle” in Frankfurt

GSK Stockmann has advised AXA Investment Managers - Real Assets on the sale of the office complex “die welle” in Frankfurt to international real estate investment manager Invesco. At a purchasing price of 620 million euros, it is the largest real estate deal to date in Frankfurt this year.

The “die welle” office complex, located in the city centre near the Alte Oper, covers an area of 80,500 m2 and consists primarily of office space complemented by gastronomy, retail and leisure spaces. The seller had acquired the property in 2013. The current over 50 tenants include leading companies from 15 different industries, such as Regus-Officecenter, Citigroup, various law firms and Hays, a recruitment agency.

A GSK Stockmann team led by Partner Monique Franke supported AXA Investment Managers - Real Assets throughout the process of the sale.

Advisers of AXA Investment Managers - Real Assets:

GSK Stockmann: Monique Franke (Real Estate, lead), Dr Petra Eckl (Tax), Dr Nadine Wachendorf (Real Estate), Dominik Berka (Tax); Associates: Katharina Groche, Theresa Hasslberger, Jasmin-Lena Seiberlich (all Real Estate), Katrin Reisich, Eva Linde (both Projects & Public Sector), Andreas Ebert (Tax)