July 14, 2022

Barings Welcomes Four New Tenants at St Martin Tower in Frankfurt, Germany

Barings, one of the world’s largest diversified real estate investment managers, has closed four new leases covering a total of 1,800 sq m of office space at the St Martin Tower in Frankfurt, Germany over the past months. Barings had bought the office complex in the City West district in 2019 on behalf of a core strategy.

The new tenants at Franklinstrasse 61-63 are Werkules, a software specialist for the craft and trades sector, insurance broker SÜDVERS, data management specialist Adastra and Nexgen Business Consultants, which advises banks, asset managers, stock exchanges and security service providers.

Sascha Becker, Managing Director and Country Head Germany at Barings, says: “With the strong leasing activity at St Martin Tower over the past months, we are securing long-term cash flow for the investors in our core strategy and we continue to see a strong demand overhang for modern office space at the location.”

The property was built in 2015 and consists of a 70-m high office tower and a seven-storey office building directly adjacent with a combined GLA of 26,000 sq m. The full-service offer for tenants includes concierge and meeting room service, a café and a canteen, a fitness room and a kindergarten.

St Martin Tower is located in Bockenheim, one of Frankfurt’s most populous urban districts. City West is a sought-after residential and business location with a diverse gastronomy scene and shopping facilities. The property is well connected by public transport, with quick links to the trade fair, the main train station and the inner city. The buildings have received a DGNB Gold sustainability certification.

PROKS Real Estate advised Barings on leasing. Cushman & Wakefield and Colliers International acted as brokers in different lease transactions.

For further information
Tali Robinson/Polly Warrack/Ben Monteith (SEC Newgate)

Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers. Follow us on LinkedIn at www.linkedin.com/showcase/barings-alternative-investments.

About Barings
Barings is a $349+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment.

*Assets under management as of June 30, 2022