blackolive brokers the sale of a modern core office building in Frankfurt

Montano Real Estate GmbH, one of the leading independent investment managers in the German commercial real estate market, has completed the first transaction for its multi-investor special fund in the public sector, launched in April 2022, with the acquisition of a modern core office building in Frankfurt am Main. The seller on behalf of a family office is the Cells Group. The parties have agreed not to disclose the purchase price.

The property is a 5-storey modern office building built in 2002 with a lettable area of more than 8,000 sqm and 40 parking spaces, which is fully let to a total of eight tenants. More than 80 percent of the rental income comes from public sector tenants and government-related companies, the main tenant is the City of Frankfurt. The property is located at Salvador-Allende-Straße 11 in the Frankfurt-Bockenheim district and is characterised by its proximity to Frankfurt city centre and good accessibility by public and private transport.

The buyer was advised on the off-market transaction by blackolive, a member of the German Property Partners (GPP) network, legal advisors were McDermott Will & Emery, and technical advice was provided by ChandlerKBS. The seller was advised by HFK Rechtsanwälte PartGmbB.