Aegon Sells San Francisco’s Pyramid Center Office Tower for €544.8M

A joint venture led by Deutsche Finance America and SHVO announces that it has completed the acquisition of the Transamerica Pyramid Center, San Francisco’s most recognizable office tower and a fixture in the city’s waterfront skyline for nearly 50 years. It is the first time that the building has sold. The joint venture purchased the 48-storey tower and complex for $650m (€554.8m) from Aegon NV, the Dutch insurance company that assumed ownership of the property in 1999 as part of its purchase of Transamerica Corporation, the building’s namesake, which has owned and operated the tower since its completion. Aegon will continue to retain the naming rights for the Transamerica building.