FRANKFURT-Madison International has acquired a significant interest in Frankfurt’s Trianon Tower – a stake previously held by Morgan Stanley P2 Value. According to a statement, Madison will take on nearly 60% of the office property and enter the joint venture with Morgan Stanley Eurozone Office Fund which will retain its approximately 40% share.  The interest cost Madison $122M – or 92 million Euros – for this portion of the 85%-leased building, managing director at Madison International Realty Derek Jacobson reveals.

“This is the perfect scenario for Madison where we could purchase a fractional otherwise illiquid interest against a core-quality real estate asset,” Jacobson said of the transaction.

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