Trianon Building: IGIS Management Hoping to Avoid Huge Losses with Sale On July 27, IGIS Asset Management began promoting the sale of the Trianon Building located in Frankfurt, Germany. The asset received investment from an IGIS fund. A local sales advisor and a pool of potential buyers will be selected by mid-August. IGIS purchased the Trianon Building for KRW 875 billion in 2018, but the sales price is expected to be significantly lower than this. Investors are expected to suffer significant losses. When the main tenant, DekaBank, decided to leave the building, this resulted in a high vacancy rate that severely reduced profitability. This increased LTV and at the […]