Should Madison International Reality acquire a 50% equity position in the Trianon, a 45-story, trophy-quality office building located in the central business district of Frankfurt?
Should Madison International Reality acquire a 50% equity position in the Trianon, a 45-story, trophy-quality office building located in the central business district of Frankfurt?
Madison International Realty is presented with the opportunity to buy an equity position in the partnership that owns the Trianon, a 45-story, trophy-quality office building located in the central business district of Frankfurt. The pricing for this acquisition would be at a discounted price to the original purchase price of EUR 620,000,000 at an attractive cost basis. What should the firm do?