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28 May 2012

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Frankfurt Opera Tower probably sold for E600m - sources

Frankfurt's Opera Tower, one of Germany's trophy assets which leased up quite fast in late 2010, probably sold at a price close to E600m, industry sources say. J.P. Morgan Asset Management confirmed last month that a fund it advises joined with Singapore's GIC Real Estate to acquire the 42-storey, 67,200 sq.m. high-rise office tower prior to year end. No price was given.

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