Macquarie Office Trust has agreed terms to sell its Frankfurt property for EUR 39.5 mln (A$61.7 mln). MOT said the sale would contribute further to the Trust''s liquidity and eliminate the need for the Sydney-listed trust to inject EUR 3.8 mln into the loan facility for this property.

CEO Adrian Taylor said: 'The sale of the Frankfurt property on a cap rate of 6.5% represents progress on the Trust's medium-term strategy to reweight the portfolio back to Australia.'

Asset sales since December 2008 now total more than $522 mln.