Catalyst Capital has bought an office building at Eschersheimer Landstrasse in Frankfurt from Aachener Grundvermögen for €16m. The 5,000 sqm building is 85 percent occupied. Its major tenants are the German business newspaper Handelsblatt and Towers Watson, a global professional services company. Catalyst made the purchase in partnership with an overseas investor that targets assets in Germany, the UK and France.
“Our strategy with our overseas partner is to buy well-located, grade-A office buildings with value-add potential in primary cities and towns, such as Frankfurt and Neu-Isenburg,” said Kean Hird, a Catalyst partner.
