German tower that became casualty of property crisis put up for sale

LONDON/FRANKFURT, July 10 (Reuters) - Administrators are seeking buyers for a skyscraper in Germany's financial capital of Frankfurt following its owner filing for insolvency last year, in a significant test for whether the country's punishing office property downturn has found a bottom.

The 186-meter Trianon building - which currently houses part of Germany's central bank, the Bundesbank - is now on the market with advisers mandated to handle the sale, Pluta, the law firm appointed to oversee the insolvency case, told Reuters.

The tower, described on its website as an "essential part of the Frankfurt skyline", last sold for 670 million euros ($784 million) in 2018.

Pluta declined to comment on an asking price but the tower is likely to fetch considerably less than in 2018, following the biggest downturn in the office market for a generation.

The building also has around 370 million euros in debts, two people with knowledge of the matter said. Investors have speculated on how much the debt will be discounted, and on the capital that would be needed to redevelop the tower to appeal to tenants, multiple people in the sector told Reuters.

($1 = 0.8544 euros)