Commerz Real sells "Grand Campus" in Frankfurt using Drooms virtual data room
04. December 2020
Frankfurt, 4 December 2020
The sale of Frankfurt office complex "Grand Campus", located on Mainzer Landstraße 151-157, by
Commerz Real to investment manager Arminius was completed via the Drooms TRANSACTION data room. Arminius was acting on behalf of an institutional investor. The parties agreed not to disclose the purchase price.
"Grand Campus", Commerzbank's trading centre, has around 60,800 m² of rental space and is let to Commerzbank via a long-term lease.
Alexandre Grellier, founder and Managing Director of Drooms, stated: "We are delighted to have been able to support this transaction. Our digital platform ensures transparency, speed and security. When deal making during a pandemic, reliability is extremely important. Data must be available to those involved at all times. The speed at which documents are displayed in our data room enables the quickest exchange between parties - even when working from home".
Drooms, Europe’s leading provider of virtual data rooms, grants companies controlled access to confidential corporate data across company boundaries and specialises in customised solutions across the entire value-added chain. In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via Drooms TRANSACTION, Drooms PORTFOLIO maps all stages across the entire Lifecycle Asset Management process on a single platform. Currently, more than 25,000 companies across the world use Drooms, including leading global real estate companies, consultancy firms, law firms and corporations such as the METRO GROUP, Evonik, JLL, JP Morgan, CBRE, Rewe and UBS. The software specialists have concluded over 15,000 complex transactions with a total volume of more than EUR 500 billion.