The owners of one of Frankfurt’s biggest skyscrapers have hired advisers to restructure €375m of debt secured against the building.
In a move suggestive of the strains facing Europe’s office market, the Trianon building is now the subject of talks with a consortium of lenders led by Dutch bank ING.
The 45-storey skyscraper was bought by South Korean investors IGIS Asset Management and Hana Financial Investment for €670m in 2018.
