NAS Invest buys Frankfurt office tower from JP Morgan

NAS Invest has acquired the Horizon Tower, one of the most distinctive buildings in the Frankfurt suburb of Eschborn, in an off market club deal transaction. The seller was a fund managed by JP Morgan Asset Management.

The 88 metre high building, formerly known as Arcor-Haus and later as Vodafone-Tower, was built 20 years ago and has a 23-floor curved central element with twelve elevators and a 12 metre high central lobby and two extension wings to either side. The total rental area is 41,000 sqm and there are 900 parking spaces.

Around 80% of the Horizon Tower is let to well-known tenants such as Deutsche Bahn AG, the Korean electronics group LG and the mining company Rio Tinto. NAS Invest will continue to rent out the building and make additional investments to ensure ESG compliance over the next few years. The property already has the Green Building certificate “BREEAM Very Good”.

The office space can be designed flexibly and is equipped with thermoactive ceilings, double floors with integrated air conditioning units and a modern lighting system.

The parties agreed not to disclose the price.

NAS Invest is an investor and asset manager which focuses on commercial real estate in the main cities in Germany and Northern Europe. The group has branches in Berlin, Frankfurt, Copenhagen, Luxembourg and Zurich