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Ubs Am Pays €155M For Turmcenter Office Tower In Frankfurt | News | Ipe Ra

by realassets.ipe.com posted 4months ago 41 views
Benson Elliot bought the high-rise tower in December 2013.: UBS Asset Management’s (UBS-AM) real estate and private markets arm has bought a 21-storey office tower in Germany for €155m. The manager’s Real Estate & Private Markets (REPM) business has acquired the Turmcenter office asset in Frankfurt on behalf of an individually structured mandate from Benson Elliot. Originally constructed in 1970, the 17,300sqm asset underwent a refurbishment that completed in 2016.

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