160 Park View, Frankfurt, Germany

Flag-Germany

Investment Date
Q1 2016

Exit Date
Q2 2020
(Projected)

Asset type
Luxury residential and hotel

Revcap strategy
Pre-let development

Revcap Fund
KHCP III

Investment Type
Joint Venture Equity

Background and Opportunity

  • Purchase of 33,200m² vacant office property in the prime residential neighbourhood of Frankfurt that was owned by an institution in wind down mode
  • Revcap used the extended time secured between securing the asset and completion to obtain a zoning change of use from office to residential and hotel
  • Business plan is to convert the larger tower to luxury residential and the smaller tower to a 5 star hotel

Transaction Progress

  • Revcap has teamed up with RFR and Hines to co-develop the project

Current Status

  • Final building permit has been submitted for 129 luxury apartments and a branded 5 star hotel
  • Pre-development works are ongoing

Back to Joint Venture Equity

SIMILAR INVESTMENTS

  • Fortress Multi Service Centres, Germany
  • Etaget, Kungsholmen, Stockholm, Sweden
  • Storgata, Oslo, Norway
  • L’Hippodrome, Toulouse, France