Patrizia Immobilien has acquired the Marienbader Höfe office property in Bad Homburg. Patrizia bought the property from Commerz Real on behalf of the ‘Gewerbe-Immobilien-Deutschland III’ fund. The purchase price was not disclosed. The nine-storey Marienbader Höfe property was built in 2000. An €11m refurbishment programme carried out in 2016 converted the property into a multi-tenant building with 27,000 sqm of lettable space and 500 underground parking spaces. Current tenants include The Deutsche Leasing Group, First Data and Fresenius.
