Tristan Capital-managed Curzon Capital Fund IV has bought the Garden Tower in Frankfurt for €175m (£123m).
The 27-storey, 294,400 sq ft tower is let to tenants including Société Générale and Deutsche
Vermögensberatung.
Curzon bought the building in a joint venture with Cornerstone Real Estate Advisers, which will asset manage the building.
Garden Tower underwent a comprehensive refurbishment from 2003-05 following the departure of its original tenant Helaba, for which it was developed in 1976.
Ali Otman, Tristan Capital Partners’ managing director of investments, said: “Garden Tower will increase the overall quality of the fund’s portfolio with its prime core location, high standard of redevelopment and grade-A tenants.”
Curzon Capital was advised CBRE, Savills and RKS Ingenieure.
