The fund management of the open-ended real estate fund WestInvest InterSelect has taken the opportunity to sell the property “Mainzer Landstraße 65” in Frankfurt after three decades of successful ownership. The buyer is an institutional vehicle (“VALUES Health Invest I”) of Values Institutional Invest GmbH, specializing in the acquisition of medical centers across Germany. The parties have agreed not to disclose the sale price. The transaction is part of a clear strategy to optimize the portfolio and divest assets that no longer align with the fund’s strategic objectives.
Acquired in 1995, the property delivered stable cash flows to the fund over many years. Built in 1992, the building is located near Frankfurt Central Station, one of the city’s key transportation hubs. Until 2015, it was leased exclusively to Amro Bank. Following a renovation in 2015, it has been successfully repositioned as a specialist medical center, complemented by office space and a ground-floor café. The current anchor tenant is Nordmed Klinik GmbH. The building holds a “Good” rating under the BREEAM certification for sustainable construction.
With this transaction, WestInvest InterSelect continues to implement its strategy of gradually removing smaller-scale properties and those requiring significant energy upgrades from the portfolio. Deka Immobilien has achieved an attractive result in the current market environment, once again demonstrating its ability to execute successful transactions even in a challenging market cycle.
