19. December 2018
Marienforum in Frankfurt’s banking district soon to be owned by Generali Group Additional rental contract with Columbia Threadneedle
The Marienforum, part of the Marieninsel office ensemble in Frankfurt’s central banking district, will presumably change hands early in 2019. Perella Weinberg Real Estate Fund II LP (PWREF II) has recently signed an agreement for the sale of Marienforum to an investment vehicle belonging to the Generali Group.
“The fact that we have managed to bring on board a renowned investor like the Generali Group for the Marienforum is confirmation for us as project developer that in Frankfurt’s central banking district state-of-the-art working environments will be successful in the long term with our CULTIVATING WORK concept”, commented a delighted Markus Brod, Managing Partner at Pecan Development.
ABN AMRO / Bethmann Bank signed a long-term rental contract for the Marienforum at the beginning of the year and announced that it would be relocating to the new building. Only recently an additional rental contract was signed for the German office of global asset manager Columbia Threadneedle Investments. Columbia Threadneedle will move into around 600 sqm of rental space on the top floor of the Marienforum in second-quarter 2019.
The 40-metre-high, 10-storey Marienforum is part of the office ensemble on Marieninsel, which also includes the some 155-metre-high Marienturm and the new public square Marienplatz, with its hospitality and retail outlets.