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CapitaLand, Lum Chang buy Frankfurt office building for 234.3m euros in cash

The freehold, multi-tenanted building will be CapitaLand's first office building in Germany, and has an agreed value of 245 million euros

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Main Airport Center (above) is near Frankfurt Airport, and is a 20-minute drive to the city's central business district. Its current tenants include Dell, Mastercard and Lufthansa.

Singapore

A JOINT venture between CapitaLand and Lum Chang Holdings has acquired an office building in Frankfurt for 234.3 million euros (S$375.1 million) in cash.

CapitaLand, a real estate developer, holds 94.9 per cent of the joint venture and paid 222.3 million euros of the...

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