The CCPIII Core Plus fund advised by Tristan Capital Partners has completed the sale of the Bockenheimer Warte assets in Frankfurt for €95m to a JV led by Aurec Capital together with Menora Mivtachim Insurance Group and another Israeli Insurance company.
The buildings, in Frankfurt’s downtown Bockenheimer district, have 30,000 sqm of office space, 2,500 sqm of residential space, and 2,500 sqm of commercial and storage space, as well as a 350-space underground parking garage. The buildings are 98 percent occupied with an average lease of 11 years. DWP Bank and government-owned KFW are the two main tenants.
