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Germany’s most expensive building: high-rise sold for 1.4 billion | Regional

Frankfurt – What will soon be the third tallest building in Germany is now the most profitable in the country: Allianz and the Bavarian Supply Chamber bought the “T1” high-rise in the “Four Quartiers” in Frankfurt for 1.4 billion euros – no building has ever changed hands for more money (Source: “DOES”).

Close by: The Sony Center in Berlin, which was sold to a Canadian pension fund and a US investment company in 2017 for 1.1 billion euros.

“T1” stands for the first of four towers of the building ensemble in the city center of the banking metropolis. It is located on the site of the “Deutsche Bank triangle” between Großer Gallusstraße, Neuer Schlesingergasse and Junghofstraße.

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The highest of the four towers of the “Four Quartier” has been sold

Photo: Gross and Partners

The billion dollar tower (developed by “Groß & Partner”) should be ready by the end of 2024/beginning of 2025. Companies will then move into the 233-meter-high tower: the high-rise offers more than 82,500 square meters of space (74,800 square meters of which is office space) on 54 floors.

Tenants: among others the law firms “Freshfields Bruckhaus Deringer” and “Allen & Overy” as well as the management consultancy “Boston Consulting Group”.

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In 2024/2025 this is what Frankfurt will look like at night

Photo: Gross and Partners

In “T1” there is also a large gastro area, a shop, a café, a daycare center and several roof terraces.

The Commerzbank Tower (259 meters) and the Messeturm (256.5 meters), which are also in Frankfurt, are less expensive but higher.

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Source: CameraOne

03.07.2021

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