Commerz Real has acquired an office complex with a leasable area of approx. 10,900 square metres on the banks of the river Rhine in Cologne’s Neustadt-Nord district for €60 million for its open-ended real estate fund hausInvest.
The seller is the real estate company Köln Oppenheimstraße GbR.
The office complex, which comprises four elements, was erected between 1900 and 1967 on a plot of land covering approx. 8,900 square metres and was extensively modernised in 2008.
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“With its positive leasing situation, the high-quality location and an attractive potential for redensification, the ensemble perfectly suits the investment strategy of hausInvest,” said Maja Procz, Global Head of Transactions at Commerz Real.
