La Française Real Estate Partners International acquires an office building1 in the Schwedler Carré, Frankfurt from Deutsche Asset Management.
La Française Real Estate Partners International has acquired, on behalf of two La Française
collective real estate investment vehicles, a six story office building from Deutsche Asset
Management. The property is located, at Ferdinand-Happ-Strasse 53, in the mixed use east end district of
Frankfurt-am-Main, one of the most dynamic submarkets of the Frankfurt area. The
European Central Bank, which established residence in the east end in 2010, has attracted
many high quality office and retail tenants, including fintech and service providers.
The building, named Campus 53, was built in 2011 in a newly developed urban retail, office
and residential neighborhood (Schwedler Carré), located off the main road, Hanauer
Landstrasse, and just 500 meters from the Ostbahnhof railway station.
The 6.730 m2 building is 100% leased, within a ten-year agreement, to a single tenant, a
global advertising agency. Campus 53 has a loft style entrance on the ground floor, modern office spaces on floors one to five and co-working spaces (conference rooms, lounge and cafeteria) on the sixth floor.
The overall technical installation is deemed very good and includes a geothermal heating
and cooling system. The office space is easily divisible and hence could be adapted to the
needs of multiple tenants. 58 parking spaces are available on the two basement levels.
Jens Goettler, Managing Director for Germany, La Française Real Estate Partners
International, said: “Campus 53 is a valuable addition to our existing portfolio. The long-term
performance of the asset is promising: given the limited availability of space in Ostend (east
end), in the future, we should witness upward pressure on rents, which will positively impact
our return on investment.”
This is an example of an investment held within the portfolio. It is not indicative of future
investments and does not fully reflect the composition of the funds.
La Française Real Estate Partners International was advised by Ashurst LLP and TA Europe.
About La Française Global Real Estate Investment Managers. The real estate activities of La Française have been united under the brand La Française.