Deals
IVG Said to Plan $600 Million Frankfurt Silberturm Sale
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IVG Institutional Funds GmbH, a subsidiary of IVG Immobilien AG, plans to sell the Silberturm skyscraper in Frankfurt for about 450 million euros ($600 million), according two people with knowledge of the matter.
The 32-story tower, Germany’s tallest building when it was completed in 1978 as Dresdner Bank AG’s headquarters, will be sold by an investment fund managed by IVG Institutional Funds, said the people, who asked not to be named because the sale is private.