18 October 2016 Press releases

GvW Graf von Westphalen advises project developer in the sale of a Frankfurt office property

Art-Invest Real Estate has acquired an office building in Frankfurt am Main from Contraco GmbH.  GvW Graf von Westphalen advised Contraco GmbH, which has its registered office in Oberursel/Taunus and is involved in residential and commercial construction as a project developer and general contractor.

The property in the Trakehnerstraße/Frankfurt West has total lettable space of approximately 12,800 m² as well as more than 130 parking spaces and a good connection for traffic.  The office property has approximately 95% occupancy with a diversified and attractive mix of tenants.

The Cologne real estate and project development and investment company Art-Invest Real Estate has further expanded its portfolio of properties in German urban regions with this property.  The Parties have agreed to keep the transaction volume confidential.

GvW acted as counsel for Contraco GmbH with a Frankfurt team consisting of Thomas Schroiff (partner), Shari Kind (associate, both real estate) as well as Lars-Olaf Leskovar (associate, tax law).

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