In a 50:50 joint venture, SIGNA Prime Selection AG (SIGNA Prime), together with RFR Holding GmbH (RFR), has acquired a unique portfolio from Allianz Real Estate GmbH, consisting of the two prime assets ‘Opernplatz 2’ in Frankfurt am Main and ‘Beursgallery’ in Rotterdam. The ‘Opernplatz 2’ building offers a unique opportunity to develop a high-quality mixed-use building comprising office, retail and gastronomy areas in an absolute prime location in Frankfurt, in the direct vicinity of the famous ‘Alte Oper’ concert hall.
The extensive ‘Beursgallery’ retail property is distinguished by its top location on Rotterdam’s most frequented shopping street, the Hoogstraat, between the main railway station and the iconic Markthal. The parties have agreed not to disclose the purchase price.
Tobias Sauerbier, member of SIGNA’s Management Board: “With the acquisition of the two properties in absolute top locations in Frankfurt and Rotterdam, we are further diversifying SIGNA Prime’s portfolio with regard to the locations of its properties and their utilisation mix. We are delighted to have secured two trophy assets in excellent locations. With this acquisition, we continue to expand our market position as a leading European real estate company.”
“A transaction like this requires a lot of trust among the various parties. With SIGNA, we had a constructive, trusting relationship right from the beginning. That is why we are particularly pleased to have acquired these exceptional properties jointly with SIGNA. With SIGNA, we have gained an internationally renowned and experienced Joint Venture partner. This is in line with our goal to realise project developments in Germany with selected partners. As a Frankfurt-based company, we are pleased to have secured a very prominent location, the ‘Opernplatz 2’, for our portfolio. RFR and SIGNA already have shared project experience in joint ventures in Munich and New York,” says Dr. Alexander Koblischek, authorised representative of RFR Holding GmbH.
Opernplatz 2, Frankfurt
In an absolute prime location directly in front of the ‘Alte Oper’ concert hall in Frankfurt, which is well-known outside Germany, and at the entrance gate to the Goethestraße shopping mile, in the middle of the city’s most sought-after retail and office location, the property at ‘Opernplatz 2’ offers a unique opportunity to develop a free-standing, high-quality eight-storey office and retail building.
The ‘Opernplatz 2’ site in the heart of Frankfurt forms a connecting axis between the banking district, the Alte Oper and Westend and is optimally connected to public transport, with the Alte Oper underground station and the Taunusanlage S-Bahn (suburban train) station in the immediate vicinity. Frankfurt Airport can be reached by S-Bahn or car in 20 minutes.
Beursgallery, Hoogstraat 185, Rotterdam
The large ‘Beursgallery’ retail property in the centre of Rotterdam, on the most frequented shopping street in the city, the Hoogstraat, is in an attractive location between the internationally well-known Markthal and the main railway station. It was built in 1948 and renovated extensively in 2017.
There are other well-known shopping destinations in the immediate vicinity of the location on Hoogstraat, such as the Bijenkorf luxury department store, the Markthal and the ‘Beurstraverse’ shopping street. The building is very well connected to public transport via the Blaak and Beurs metro and train stations. Rotterdam’s central train station can be reached in foot in 15 minutes, the Rotterdam/The Hague Airport is a 30-minute drive away (by car or public transport). Amsterdam’s Schiphol Airport is a 45-minute drive away.