Frankfurt, 29 September 2022 | NAS Invest has acquired the Horizon Tower in the Frankfurt suburb of Eschborn in an off-market transaction. The seller of the multi-tenant office complex, formerly known as Arcor Haus and later as Vodafone Tower, is an investment fund managed by J.P. Morgan Asset Management. The transaction was structured as a club deal, with investors primarily brought in from among the core shareholders of Bergos, a Zurich-based private bank, and from Sollors & Co., a Hamburg-based consultancy for corporate finance and asset management.
The office tower complex, built at the beginning of the 2000s, is located in the Eschborn Süd office and commercial zone, where it is one of the most striking structures. The ensemble consists of a curved main tower with wing structures extending from either side. The central building element is 88 metres high, with twelve elevators connecting the 23 floors. The complex comprises total rental space of some 41,000 sq.m. as well as almost 900 parking spaces. The office areas may be flexibly configured and are equipped with thermoactive ceilings, raised floors with air conditioning units integrated into the building façade, and modern lighting systems. As part of building improvements undertaken by the previous owner, the Horizon Tower’s twelve-meter-high main lobby was recently redesigned.
Roughly 80% of the Horizon Tower is already under lease to well-known tenants such as Deutsche Bahn AG, Korean electronics group LG, and Anglo-Australian metals and mining group Rio Tinto. NAS Invest will continue to manage the leasing of the office complex and make new investments over the next few years to ensure ESG compliance. The property already bears the “BREEAM Very Good” green building certification.
The Horizon Tower’s location in the up-and-coming office and commercial zone south of the town centre of Eschborn offers excellent public transportation connections, including not only a bus station directly next to the building but also a commuter rail (S-Bahn) station within short walking distance served by the S3 and S4 rail lines. For those travelling by car, access to the A5 and A66 motorways is roughly two kilometres away. The location thus offers quick and convenient access to Frankfurt Airport and to the Frankfurt Central Train Station.
Meyer Brown and White & Case (legal due diligence), Hauck Schuchardt (tax due diligence), CBRE (technical due diligence) and NAI apollo aced as advisors on the transaction.
As a property investor and investment manager with a historically proven track record, NAS Invest sources, structures and manages real estate investments in the role of General Partner and Sponsor for its co-investing institutional and semi-institutional clients. Via its offices in Berlin, Frankfurt, Copenhagen, Luxembourg and Zurich, the main investment focus for NAS Invest lies in commercial real estate opportunities located in the most rapidly developing cities and metropolitan areas in Germany and Northern Europe.
More information may be found at: www.nas-invest.com