Amundi RE acquires office complex in Frankfurt am Main

A fund managed by the French asset manager Amundi Real Estate has acquired the office complex at Querstraße 8-10 in Frankfurt. The seller was a real estate fund of Credit Suisse invested in European commercial properties, which successfully added value to the asset by leasing up vacancies including technical im-provements. Colliers International acted as commercial advisor and legal support was provided by Clifford Chance and CMS Hasche Sigle. IC Immo-bilien Group advised Amundi RE throughout the transaction. The parties have agreed not to disclose the purchase price.

Amundi is one of the world’s leading asset managers, with over 1,000 billion euros of assets under management worldwide. Amundi is actively involved in investment and real estate markets across the globe and has offices in more than 30 countries.

Credit Suisse Real Estate Investment Management launched the first real estate fund in 1938 and has been investing in the German real estate market for over 20 years. The team is active via four locations on three continents and is currently looking after more than 1,300 properties in 20 countries. It manages real estate assets worldwide of around 40 billion euros (as of October 31, 2016). More than half of the assets are managed on behalf of institutional investors.

IC Immobilien Group is one of the commercial property sector’s largest in-dependent property and asset management companies and manages more than 800 properties with a combined value of over 10 billion euros.

“This transaction, once again, not only demonstrates the IC Group’s ability to support international investors’ property acquisitions, it is also a prime example for the effective combination of our full range of services,” said Christian Tannert, Director Investment at IC Immobilien Group.