186-meter Trianon building owner files for insolvency in Germany's largest property crisis.
Frankfurt skyscraper owner files for insolvency amidst Germany's largest property crisis in a generation. The owner of the 186-meter Trianon building, home to Germany's central bank and asset manager Deka, filed for insolvency in a Frankfurt court. Germany's property sector, contributing 730B euros ($782B) annually to the nation's economy, faces challenges due to high inflation and ECB actions.
June 25, 2024
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