FRANKFURT-A fund co-advised by AEW Europe and Tristan CapitalPartners has sold the Karstadt department store in Frankfurt's Zeilshopping area. EPI has sold the 478,046-square-foot retail propertyfor EUR 115 million.
A Germany-based housing company was the buyer. EPI bought theflagship Karstadt store in 2006 along with the Alsterhaus inHamburg. PBG in Frankfurt was AEW Europe and Tristan's localpartner in the deal. Jones Lang LaSalle was the marketing agent.For the full story, go to Europe Real Estate .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
