IVG Immobilien has started actively market The Squaire, a multi-functional commercial project by IVG located near the Frankfurt airport. CBRE has been appointed to handle the disposal of the building, which has 143,000 sqm of leasable area. The building is thought to have been built for upwards of €1bn but its last valuation in 2012 came in at just over €800m. It’s thought IVG, which has put its stake in the Gherkin building in London up for sale, is hoping to collect €700m for The Squaire.
