blackolive and Busch Advisors advise on the sale of the Kdrei office building in the Merton quarter

The building formerly occupied by BaFin, "Kdrei" at Sebastian-Kneipp-Straße 41 / Louis-Pasteur-Straße 65 in Frankfurt's Mertonviertel, has been sold. Brokered by blackolive, a private investor secured the property in a prominent location. The seller is a non-listed real estate company from Cologne. 

The multi-tenant building has a secure long-term cash flow and is characterised by above-average building quality and high space efficiency. The main tenant of the property is the State of Hesse. In addition, the business centre operator Agendis operates a large part of the property's space.

Busch Advisors acted as landlord representative and, together with blackolive, a member of the German Property Partners (GPP) network, accompanied the sale as exclusive transaction advisor. The technical due diligence was carried out by Albrings+Müller. The legal buyer advisor was the law firm HauckSchuchardt. The transaction data room was provided by Cloudbrixx. 

The parties agreed not to disclose the contractual modalities of this transaction.

Press contact

Svenja Stern

Reuterweg 18
60323 Frankfurt

Telefon  +49 69 9074487-57
Fax +49 69 9074487-10