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14 February 2012
Stockholm
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22 February 2012
London
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03-04 May 2012
Vienna, Austria
Frankfurt's Opera Tower should sell for E500m-E600m - industry sources
US group Tishman Speyer has placed the Opera Tower in Frankfurt up for sale again, according to industry sources. The 168-metre office property located next to the Old Opera House in Germany's financial centre, is being offered for E500m to E600m. Sources at the Handelsblatt Real Estate conference in Berlin said better demand in the German market means that it should be sold at over E500m. The property, in which senior tenant is Swiss Bank UBS has ,000 sq.m., around 50% of floor space, was originally offered for sale in 2008 for around E450m but the deal was hit by the global crisis. (see upcoming PIE Editions for full story)