CA Immo has sold its share of Tower 185 in Frankfurt to Deka Immobilien GmbH in a deal worth €775m. CA Immo had owned a third of the office property. After paying off the financing loan, CA Immo will net around €150m. Tower 185, located in the city’s Europaviertel district, was completed in 2011 by CA Immo. The current occupancy rate is around 90 percent; the largest tenant is PwC. The property offers 102,000 sqm of leasable space and 552 parking spots.
