Goodwin’s Frankfurt Real Estate team has advised on a joint venture consisting of an international fund and German management team Barings Real Estate Advisors on the sale of the Frankfurt office property astropark to TLG Immobilien. TLG Immobilien invested a total of €97.2 million in the purchase.
The office property astropark, built in 1992 in the quarter of Niederrad in Frankfurt/M, comprises approximately 39,300 square meters of rental space. The largest tenants in the building are B+S Card Service GmbH, ZVEI Zentralverband Elektrotechnik u. Elektronikindustrie e.V. and Fujitsu Technology Solutions GmbH.