HIH Invest Real Estate has purchased an office building at Albert-Einstein-Strasse 2 in Osnabrück, Lower Saxony.
The DGNB Platin certified office building, built in 2014, has a total rental area of 3,222 square meters spread over three full floors. There are also 90 parking spaces and five charging stations for electric cars, each with two charging points. A photovoltaic system on the roof covers almost the entire electricity consumption of the building.
The seller is pbr Planungsbüro Rohling AG (pbr AG), which leases back its headquarters via a triple-net lease with a term of 15 years. The architecture and engineering office has been planning construction projects in the public and private sectors nationwide with over 500 employees since 1960.
“The long-term lease with an option to extend for two five-year periods brings us stable and value-secured rental income. At the time, pbr AG not only designed the building to meet their needs and requirements as a company headquarters, but also planned it with such far-sightedness that the property is also excellently suitable for third parties and can also be used by several tenants,” says Daniel Asmus, Team Leader Transaction Management Office Germany HIH invest.
The property was acquired for the special AIF “Deutschland Selektiv Immobilien Invest II”, which is pursuing a strategy as defined in Art. The fund is still open for investor money and is at the same time in the investment phase. The focus is on energy-efficient office properties in attractive locations in German growth cities and in the top 7 locations. Due to the attractive starting portfolio, the fund already offers a distribution yield of more than 4.5% pa. Institutional investors can participate in the fund from a sum of EUR 5 million.
“The purchase in Osnabrück shows the potential that can be found in C-cities. The office market in the university town of Osnabrück has very good fundamentals, especially low vacancies and constant excess demand. In recent years, construction has been very demand-oriented and not very speculative,” explains Daniel Asmus.
The purchased property is located in the approx. 9.0 hectare residential and science park in Osnabrück in the Westerberg district. The university and college as well as numerous innovative and technology-oriented companies are located here. The main train station can be reached in ten minutes by car, Münster-Osnabrück Airport in 30 minutes.
Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!