- Sold by a joint venture between property developer Ten Brinke and BLI Invest
- Completed on time in January 2023
- Gross lettable area of over 12,000 square metres
- State tenant with contract for 15 years plus renewal option
Hamburg/Bonn, 9 March 2023 – HIH Invest Real Estate (“HIH Invest”) secured the office property located at Justus-von-Liebig-Strasse 28 in Bonn within the framework of an off-market transaction. The property was sold by a joint venture between property developer Ten Brinke and BLI Invest. The acquisition took the form of a forward-funded club deal arranged on behalf of institutional investors. The five-storey stand-alone building, which has two basement levels and a landscaped rooftop patio, occupies a plot of about 5,000 square metres and provides more than 12,300 square metres of lettable area. The total breaks down into about 10,400 square metres of office space and 1,900 square metres of archives, storage space and plant rooms. The building was constructed by Ten Brinke in less than two years according to plans drafted by the CLP GmbH planning firm based in Koblenz and completed on schedule in January 2023. In addition, the scheme includes 153 car parking spots and 155 bicycle parking spaces in the underground car park while also featuring a roof-mounted photovoltaic system. The building is DGNB Gold certified and meets the KfW-55 sustainability standard.
The building was leased by a public authority for 15 years with two options to renew the lease for another 5 years each. The office layout can be divided into single- and double-occupancy units or open-plan offices or anything in between. This degree of flexibility in combination with a high space efficiency and the high-end fit-out features makes the building perfectly suitable for alternative types of use, including multi-tenant occupancy. All of the upper floors can be divided into two rental units each.
The office property at Justus-von-Liebig-Strasse 28 represents the first construction stage of the new government building campus in Bonn-Dransdorf, with another three office buildings planned for the campus. The site has optimal transport links to the inner cities of both Bonn and Cologne via the A555 and A565 expressways, several rapid transit stations and bus stops. Cologne/Bonn Airport is only a 25-minute drive away. Moreover, a large number of shopping venues for non-discretionary needs are located in the immediate vicinity of the campus.
HIH Invest received legal and tax advisory from Baker Tilly Rechtsanwaltsgesellschaft mbH based in Frankfurt am Main. The technical due diligence, which includes environmental and sustainability aspects as well, was carried out by Drees & Sommer SE.
