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Greenberg Traurig Advises Israeli Institutional Investor Group on Acquisition and Financing of Landmark Office Building Eschborn Plaza for EUR 236 million

Berlin/Tel Aviv, September 7, 2017 - Greenberg Traurig advised a group of Israeli institutional investors who acquired the Eschborn Plaza office complex in a joint venture led by Aurec Capital. The group was comprised of Migdal Insurance Group, Bank Leumi Pension Fund and IDI Insurance Company as well as a leading Israeli provident and pension fund.

The landmark building, located near Frankfurt am Main, Germany, was purchased for EUR 236 million from two closed-ended funds managed by Commerz Real. The property includes approximately 42,000 square meters of office space and its main tenant is Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft with a lease term until 2030.

Greenberg Traurig’s Germany and Israel offices jointly advised the Israeli institutional investor group on all legal matters regarding the joint venture, acquisition and financing.


Greenberg Traurig’s Tel Aviv office regularly advises the Migdal Group and represents a large number of Israeli institutional investors (pension funds and insurance companies) in cross-border real estate activities. This transaction marks Greenberg Traurig's first Israeli-German cross-border real estate acquisition.

About Greenberg Traurig, LLP

Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the largest firm in the U.S. by Law360 in 2017, and among the Top 20 on the 2016 Am Law Global 100. Web: Twitter: @GT_Law.