PEAKSIDE AND MADISON BUY THE “FAC 1”
Madison International Realty and Peakside Capital bought the Frankfurt Airport Center 1 (FAC 1) at Frankfurt Airport in April 2017 in a joint venture.
Apart from a further 70 users, Lufthansa, Fraport AG and the Airport Club are among the largest tenants in the property.
Madison and Peakside want to invest several million in their first joint project to reposition the property in a premium position. PeakSide assumes responsibility for operational management.
Built in 1988, the FAC 1, with 48,000 square meters, consists of two interconnected buildings with flexible office spaces, conference and seminar rooms as well as 182 parking spaces. It has direct access to Terminal 1 and the ICE