Branicks divests office building in Frankfurt

German office and logistics specialist Branicks Group has sold its majority stake in an office building complex located in Offenbach's Kaiserlei district. 

Kaiserlei

The buyer is Select Alternative Investments, acting through a club deal.
The transaction closed this week, with the parties agreeing not to disclose the purchase price.
The property, situated at Berliner Strasse 300 a/b, was recently built (2019/2020) and boasts 14,000 m2 of fully leased space. It benefits from excellent transport links, including motorway and S-Bahn access to Frankfurt, Offenbach, and Frankfurt Airport.
Branicks has managed parts of the property within its portfolio since 2019 and 2023, respectively.
As of March 31, Branicks Group managed properties with a market value of €11.2 billion in the Commercial Portfolio and Institutional Business segments.