UK asset manager InfraRed Capital Partners has purchased an office in Frankfurt from real estate manager Triuva for an undisclosed sum.
The sale of the Westend Carree office complex in downtown Frankfurt was constructed as a share deal.
Constructed in the late 1980s and fully modernised in 2009/10, the building comrises 30,000 m2. Triuva acquired the building in 2014 on behalf of two of its funds and was also responsible for the asset management of the property.
InfraRed Capital Partners Limited is a globally active investment management company with around USD9 billion of equity under management. It has offices in London, Hong Kong, New York, Seoul and Sydney.
Triuva’s advisers on the transaction were Oceans & Company, BNP Paribas Real Estate, law firm Gleiss Lutz and Drees & Sommer.
