Bahrain – Investcorp, a leading global provider and manager of alternative investment products, today announced that its London-based real estate investment team acquired Lyoner Stern, a multi-let office building located in Frankfurt, Germany. The acquisition is Investcorp’s third real estate investment in Germany in the past 12 months.
Lyoner Stern is located in Niederrad, just nine minutes from Frankfurt Central Station. Frankfurt is considered a major financial center of the European continent, with many headquarters based there. Niederrad is considered a back-office location for financial institutions and companies operating in Frankfurt City and offers companies an opportunity to rent space at a significant discount to Frankfurt City.
The modern building comprises 28,114 sq. m. of office space and is let to several strong German and international tenants. The building is shaped like a star, divided into four wings that are made up of 11 floors above ground and one floor below ground.
Commenting on the acquisition, Babak Sultani, Managing Director, Real Estate Product Specialist at Investcorp said: “Over the past year, Investcorp has been looking for good properties within the major markets in Germany. As part of that strategy, we are delighted to announce the acquisition of Lyoner Stern. The building is situated in a well-established submarket of Frankfurt which, in recent years, has transitioned from a pure office location to a mixed-use area with growing residential and entertainment components”.
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About Investcorp
Investcorp is a leading global manager of alternative investments. Led by a new vision, Investcorp has embarked on an ambitious, albeit prudent, growth strategy. The Firm continues to focus on generating value through a disciplined investment approach in four lines of business: private equity, real estate, absolute return investments and credit management.
As at December 31, 2018, the Investcorp Group had US$ 22.5 billion in total AUM, including assets managed by third party managers and assets subject to a non-discretionary advisory mandate where Investcorp receives fees calculated on the basis of AUM.
Since its inception in 1982, Investcorp has made over 185 Private Equity deals in the U.S., Europe, the Middle East and North Africa region and Asia, across a range of sectors including retail and consumer products, technology, business services and industrials, and more than 600 commercial and residential real estate investments in the US and Europe, for in excess of US $59 billion in transaction value.
Investcorp employs approximately 400 people across its offices in Bahrain, New York, London, Abu Dhabi, Riyadh, Doha, Mumbai and Singapore. For further information, including our most recent periodic financial statements, which details our assets under management, please visit:
www.investcorp.com
www.investcorp.com
www.twitter.com/Investcorp @investcorp
www.linkedin.com/company/Investcorp
Media Contacts:
Investcorp
Firas El Amine
+973 3998 7838
felamine@investcorp.com
Brunswick Group
Celine Aswad
+971 (4) 560 9600
Investcorp@brunswickgroup.com
caswad@brunswickgroup.com
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