DEGI, the real estate investment arm of German insurer Allianz Group, has purchased an office project in Bad Homburg near Frankfurt am Main for a total investment volume of around EUR 22.5 mln. The five-storey office building, comprising 7,800 m[sup]2[/sup] of lettable space and 236 parking spaces, is already let on long term agreements. The principal tenant is Bridgestone, which intends to relocate its German administrative headquarters in the building.
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