Wiesbaden, 15 December 2015 – Aareal Bank AG has financed the acquisition of the "Garden Tower", a high-rise office building in Frankfurt/Main, by Curzon Capital Partners IV LP, a fund managed by property investment company Tristan Capital Partners. Aareal Bank acted as lender for the five-year, €129 million financing.
Centrally located in Frankfurt's banking district, Garden Tower is a 126-metre building consisting of two towers, one with 15 floors and the second with 27, plus five basement levels. The high-rise building complex was thoroughly refurbished, and fitted with a glass front, between 2003 and 2005. The Garden Tower was awarded a 'very good' BREEAM sustainability rating in 2006.
"We are delighted that we were able to provide a customised financing solution for this landmark building in Frankfurt’s city centre, to such a renowned business partner", said Ronald Hoffmann, Managing Director Germany, Aareal Bank AG.
