LONDON: A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe’s biggest property deals this year, a source close to the negotiations said.
Austrian developer CA Immo told Reuters yesterday that it was in talks with one bidder to sell a stake in the 200-m Tower 185 in Frankfurt, in which PwC is the largest tenant, as part of a wider disposal plan to cut its debt by 600 million euros (US$804mil) this year. In March, the Vienna-based company said Germany’s fourth-tallest skyscraper was worth about 500 million euros and it hoped to sell a 75% stake, representing a deal of about 375 million euros.
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