trending Market Intelligence /marketintelligence/en/news-insights/trending/_b4d2skvatkfvngd6l89kw2 content esgSubNav
In This List

Report: Patrizia subsidiary Triuva to invest €400M in Frankfurt property

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


Report: Patrizia subsidiary Triuva to invest €400M in Frankfurt property

PATRIZIA Immobilien AG subsidiary Triuva is investing roughly €400 million in the Junghof Plaza in Frankfurt on behalf of a German pension fund, Property Magazine International reported.

The 33,350-square-meter mixed-use property is being sold by a joint venture between a fund managed by PGIM Real Estate and FGI Frankfurter Gewerbeimmobilien GmbH.

An ongoing modernization of the property is expected to be completed in 2019. Anchor tenants include international law firm Clifford Chance and hotel operator Ruby Group, according to the Aug. 13 report.

The publication added that it is still awaiting official acknowledgment of the deal from both buyer and seller.