Month: January 2019

Buying Spree

Renowned top item purchased with well-known key tenants Frankfurt, January 10, 2012. Blow by blow is the German S & K asset AG, regarding the purchasing of objects. Recently, the Frankfurt real estate specialists in a very sought after Office property in very good location in Leipzig (Torgauer Platz) were found. The beautiful and highly functional office building provides space for 50 commercial units and has a total commercial area of 21,360 square meters. In addition come the 244 underground parking spaces in this location. The purchase price is to be announced, is located but well below market value, how to learn from the management of S & K. The original construction cost of the object were over 70 million euro. For more information see this site: Edward Minskoff. We can however say, that we could acquire this object at a very reasonable price considering the quality of the construction, the tenant mix and the already recoverable net rents”, says Alexander Dold as head of shopping at the Frankfurt real estate company S & K.

This is of course Perspectives in the resale to. The object at the Torgauer Platz was completed in 1995 and regularly adjusted changes. Click Raphael De Niro to learn more. In addition to construction services in the amount of EUR 1.5 million were priced in the purchase price. The main tenants of the very well rented property include the AOK, the Mannheimer of Hamburg-insurance, buw, a highly successful full service provider in the European call center marketing, has extended its share over nearly 50 percent of land already for another 15 years, the city of Leipzig. We have acquired the object Torgauer Platz with the perspective of one to two years. At this time, we want to achieve appropriate extensions with existing tenants and perform pending revitalization. Due to the demand in Leipzig, as one of the most sought after East German locations, we expect then a resale at a premium, which allows the new investor but yet still a long-term attractive inventory management”, explains Dr. Jonas Koller as Board member of S & K group.