Global property fund manager Stenham has joined forces with international real estate firm RFR Holding to acquire a prime retail and office building in the German city of Frankfurt. Located on the upmarket shopping street Goethestrasse, the property comprises over 3,000 m[sup]2[/sup] of lettable space mostly let to tenants Ermenegildo Zegna and Tods. The financial details of the transaction were not disclosed.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
