Eurotower, Frankfurt am Main
Acquisition price: €440 million (€7,900/sqm)
Eurotower, Frankfurt am Main
An iconic Frankfurt skyscraper anchored by the European Central Bank. Acquired through an innovative financing structure and strategic timing that maximized value through tenant retention and yield optimization.
Relevant information
Acquisition price: €440 million (€7,900/sqm)
Location
Frankfurt am Main
Year
2000
Completed in 1977 and renovated in the early 2000s, the Eurotower stands as one of Frankfurt’s most recognizable high-rise office buildings — home to the European Central Bank (ECB) for over a decade.
Transaction Highlights
Financing structure:
• €380 million senior loan from Helaba (1.05% margin)
• €50 million deferred purchase (five-year term)
• €10 million equity contribution
Occupancy: 95% leased to the ECB until December 2012
Strategic discovery: Market analysis revealed the ECB’s new East End HQ would not be completed until 2014–2015, ensuring continued occupancy and stability
Negotiations: Early talks with ECB for a long-term lease extension and with DEGI to pre-pay the deferred purchase at a discount, enhancing returns
Performance Metrics
• Size: 56,000 sqm
• Acquisition price: €440 million (€7,900/sqm)
• Yield: 5.8% NRI to cost
• Tenant: European Central Bank (HQ)
• Location: Frankfurt Banking District
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