Waterway sells the CAP East Office Building in Frankfurt on behalf of international financial institution
Waterway Investments, the specialists for German non-core real estate, have sold the “CAP EAST” office complex at Hanauer Landstrasse in Frankfurt on behalf of an international financial institution to Sirius Real Estate.
The CAP EAST is a 10,200 sqm office complex which was built in 1970 and extensively revitalized in 2002. It currently has an occupancy of 54 percent and is a landmark building on the eastern part of Hanauer Landstrasse in Frankfurt.
Christian Zilly, Managing Partner of Waterway Investments: "The sale of CAP EAST is further proof that investments in mixed-use office complexes continue to be attractive for a broad spectrum of investors. It also demonstrates that office assets in particular - even in times of Covid-19- can be a solid financial opportunity. Our expertise in B, C, and D property locations, combined with our extensive investor network, enables us to successfully sell such assets for our clients in a value-maximizing way and in a short timeframe."
Waterway Investments GmbH
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