NorthStar acquiring Frankfurt skyscraper from US owners

Berlin

NORTHSTAR Realty Finance Corp is buying the Trianon office tower, one of Frankfurt's tallest skyscrapers, from Madison International Realty LLC and a fund managed by Morgan Stanley, two people with knowledge of the matter said.

NorthStar announced the 540 million-euro (S$819 million) transaction late on Monday, without naming the building or the sellers. The people familiar with the deal asked not to be identified because the information is private.