English translation of the original German press release.

The Arminius Group, a Frankfurt-based investment manager specialising in commercial real estate, is acquiring the PepsiCo Germany headquarters building at 173 Hugenottenallee in Neu-Isenburg. The DGNB platinum-certified office building has 6,400 sqm of rental space and more than 110 parking spaces, most of which are rented to the main tenant PepsiCo Germany. It was built in 2014 and has a high structural and technical standard as well as efficient floor plans. It was agreed not to disclose the purchase price.

The seller is a German special fund of an insurance company managed by Barings Real Estate as part of a core plus strategy. The special fund acquired the property from project developer Red Square in 2015.

The acquisition of the PepsiCo Germany headquarters is in line with the Arminius Group's investment strategy with a focus on office properties in the top 12 cities in Germany and large metropolitan areas.

Jesko Fink, Managing Director of Arminius Kapitalgesellschaft mbH, said: 'With the acquisition of the PepsiCo Germany headquarters, we are resolutely continuing our strategy of sustainable investment. In recent years, Neu-Isenburg has increasingly established itself as an attractive location for future-oriented companies and, in addition to traditional medium-sized companies, also attracts large companies with well-known brands. The district development Stadtquartier Süd and the construction of the Regionaltangente West will make the location even more attractive. We will support the property and its tenants over the long term with our active asset management approach.'

Matthias Gerloff, Managing Director and Head of Fund Management at Barings Real Estate, said: 'We are delighted that we correctly assessed the potential of Neu-Isenburg as an investment location when purchasing the property. The successful property sale allows us to reinvest in a new property with long-term leases.'

KUCERA Rechtsanwälte Steuerberater Partnerschaft mbH advised the buyer on legal and tax matters. The technical due diligence was carried out by DU Diederichs Projektmanagement. GSK Stockmann and CBRE advised the seller.