Peakside purchases Frankfurt office building from Ammundi

European investment manager Peakside Capital Advisors has purchased the Options office building in Frankfurt's Europaviertel from Amundi Germany for an undisclosed price.

Options

The 23,000 m2, seven-story building at Europa-Allee 12, constructed in 2010, previously served as BNP Paribas's German headquarters until 2022. A key development is Oldenburgische Landesbank (OLB) leasing approximately 3,600 m2. Other tenants include Premier Inn, Hyundai Capital, ProCredit Bank, and the Block House and Mosch Mosch restaurants.
Peakside plans to implement a comprehensive ESG concept, upgrading the building from DGNB Silver to Gold certification, and aims to achieve full occupancy within three years, partnering with Luwin Real Estate as its operating partner.
Simon Lutz, partner at Peakside, stated, "We are convinced that high-quality office properties in attractive locations represent a future-proof investment, even in challenging market phases. With Options, we aim to offer a sustainable and modern working environment at fair rents that meets both the needs of our tenants and the demands of ESG standards."
Boris Schran, managing partner at Peakside Capital, added, "We remain convinced of the need and demand among companies for central, modern, and sustainable office properties. We are therefore specifically looking for other comparable investment opportunities for our current Peakside Real Estate Fund IV."
The Options office building benefits from a central location in Frankfurt's Europaviertel, adjacent to the Skyline Plaza and near the Frankfurt Trade Fair Centre. It boasts excellent public transport links and is easily accessible by car. The area offers a variety of shopping, dining, and hotel options, including the Mövenpick and NH Collection hotels. Frankfurt Central Station is just 2 km away, while the airport is 17 km away.
Peakside received advice on the transaction from Luwin Real Estate, Drees & Sommer, Hauck-Schuchardt, and agradblue. Amundi was advised by Hogan Lovells, Arcadis, and IC Immobilien. Cushman & Wakefield acted as the broker for the deal.