In line with this transaction Allianz Global Investors (AllianzGI) will lease the asset as a whole. In 2013 AllianzGI will relocate from their current buildings on Marienstraße, Mainzer Landstraße and Weserstraße.
Allianz acquires office building "Triton" in Frankfurt from IVG/OVG
"Triton is a perfect fit for Allianz. With this acquisition we can combine AllianzGI's need for new and sustainable office space and Allianz' interest in investing in high quality office buildings in good locations," says Stefan Brendgen, CEO of Allianz Real Estate Germany.
"Triton" is located on Bockenheimer Landstraße, one of the best office locations in Frankfurt Westend close to the banking district
Coen van Oostrom, CEO of OVG Real Estate, who act as asset manager and developer on behalf of IVG Institutional Funds: "With our long-term experience in green office (re)development we have successfully designed the revitalization of the outdated "Triton" building and prepared it for sale. We are delighted to meet the goals of the previous owner by executing this transaction."
"Triton" is located on Bockenheimer Landstraße, one of the best office locations in Frankfurt Westend close to the banking district.
The 10-storey office building was constructed in 1985 and features a total area of ca. 29.000 sqm and 427 parking spaces.
BNP Paribas Real Estate GmbH acted as transaction advisor.
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