Merger & Acquisition - Ridgeway Pryce

Commerz Real Acquires NOVUM Style Hotel Development in Frankfurt for hausInvest

Commerz Real has acquired another future “NOVUM Style” hotel complex in Frankfurt am Main for their public real estate fund hausInvest. After the previously acquired building project near the central station, the new property is at the Mayfarthstraße in Ostend, in close proximity to the European Central Bank (ECB).

„The district has developed into a great area after the arrival of 2,500 ECB employees and will experience a significant appreciation within the next years“, explains Robert Bambach, Chairman of Real Estate Transactions at Commerz Real. Even at this stage, there are already more than 1,400 companies and institutions settled in the area.

Original Article