FRANKFURT, Germany—A unit of IVG Immobilien AG is reportedly poised to close on a $510-million deal to buy a 40-story skyscraper here that is leased to the European Central Bank.
Bloomberg reports that RFR Holding LLC, the investment firm that owns New York's Seagram Building, is selling its 646,000-square-foot Eurotower skyscraper for 480 million euros ($510 million).
The buyer is IVG Immobilien AG's institutional funds unit on behalf of a German pension fund. The ECB will house its banking regulators in the entire space of the 40-story building, according to an IVG statement referenced by Bloomberg.
New York-based RFR, which controlds more than $10 billion of real esate around the world, was founded by German-born investors Michael Fuchs and Aby Rosen.
Click Bloomberg to read the fulls story.
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