Opernplatz 2 Frankfurt - RFR Holdung and SIGNA buy Prime Portfolio from Allianz Real Estate

RFR Holding and Signa Acquire Prime Portfolio From Allianz

In a 50:50 joint venture, SIGNA Prime Selection AG (SIGNA Prime) and RFR Holding GmbH (RFR) have acquired a unique portfolio consisting of the two properties Opernplatz 2 in Frankfurt and Beursgallery in Rotterdam from Allianz Real Estate GmbH. The building Opernplatz 2 offers the opportunity to develop a high-quality mixed-use property consisting of office, retail, and gastronomy in an absolute prime location in Frankfurt in the immediate vicinity of the famous Old Opera House (Alte Oper).

Tobias Sauerbier, Board Member of SIGNA: “With the purchase of the two properties in absolute top locations in Frankfurt and Rotterdam, we are further diversifying the SIGNA Prime portfolio in terms of the locations of their properties and their mix of uses. We are very happy to have secured two trophy assets in these excellent locations. With the acquisition we are further expanding our market position as a leading European real estate company. ”

“A transaction like this requires a lot of trust among those involved. We had a constructive and trusting cooperation with SIGNA from the start. We are therefore particularly pleased to have acquired this extraordinary property together with SIGNA. Both parties are creating an internationally renowned and experienced joint venture. We remain happy of realizing project developments in Germany with our selected partner. As a “Frankfurt company” we are pleased to have secured the very prominent Opernplatz 2 location for our portfolio. RFR and SIGNA already have joint project experience within the framework of joint ventures in Munich and New York”, says Dr. Alexander Koblischek, authorized signatory of RFR Holding GmbH.

Opernplatz 2

The property at Opernplatz 2 offers the opportunity to develop a free-standing, high-quality, eight-story office and retail building. The location in the heart of Frankfurt forms the connection axis between the Financial District, Old Opera House and Westend and is optimally connected to public transport via the Alte Oper subway station and the Taunusanlage S-Bahn station in the immediate vicinity. Frankfurt Airport can be reached in 20 minutes by S-Bahn or car.

About RFR

RFR belongs to the RFR Group of the two real estate investors of German origin, Aby Rosen and Michael Fuchs, a driving force for almost three decades on the New York property market and fifteen years on the German property market. The RFR Group currently manages real estate assets of over 14 billion euros in the USA and Germany, of which around 4 billion euros are in Germany. RFR Management GmbH, based in Frankfurt, is responsible for the property and asset management of the real estate portfolio of the RFR Group with an area of over 1,000,000 square meters in Germany.

The RFR Group’s real estate portfolio includes classics from architectural history such as the Seagram Building or the Lever House in New York, supplemented by modern office buildings, commercial buildings, retail stores, hotels and condominiums in prime locations, a total of more than 100 properties.

About SIGNA

The SIGNA Group, founded by the Austrian entrepreneur René Benko in 1999, is a privately run investment company with a focus on the real estate, retail and media sectors. The group is one of the leading European real estate investors with a portfolio of unique assets in premium locations.

With an ongoing project volume of EUR 9 billion at 10 locations in Austria, Germany, Italy, Switzerland, and Luxembourg, the SIGNA Group is one of the most important real estate developers. It is one of the dominant investors in the attractive real estate markets of Vienna, Berlin, Munich, and Hamburg. At the beginning of 2019, the SIGNA Group decided to expand its real estate activities to the US market and acquired the legendary Chrysler Building together with the RFR Group in New York.

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