Mubasher: Bahrain-based Investcorp announced a new expansion in Europe through its real estate investment team in London which has acquired Lyoner Stern, a multi-let office building in Frankfurt, Germany.
The new takeover transaction is Investcorp’s third real estate investment in Germany over the past year.
Niederrad, which Lyoner Sternis based, is considered a back-office location for financial institutions and companies operating in Frankfurt City, and offers companies an opportunity to rent space at a significant discount to Frankfurt City.
The leading global provider and manager of alternative investment products in Bahrain, Investcorp, noted in a press release that: “The modern building comprises 28,114 sq. m. of office space and is let to several strong German and international tenants. The building is shaped like a star, divided into four wings that are made up of 11 floors above ground and one floor below ground.”
“The building is situated in a well-established submarket of Frankfurt which, in recent years, has transitioned from a pure office location to a mixed-use area with growing residential and entertainment components,” managing director and real estate product specialist at Investcorp Babak Sultani commented.
It is worth to mention that Investcorp has invested a value exceeding GBP 250 million in its portfolio of the UK and European real estate assets since June 2017.
