- 4,700 square metres of total rental space
- Multi-tenantpropertyisfullylet
- Main tenant is the logistics real-estate specialist Prologis
Hamburg/Düsseldorf, 28 February 2018 – Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has acquired an office building in Düsseldorf’s Airport City for its special open-ended real-estate AIF “TOP 7 Deutsche Metropolen Immobilien Invest”, which was set up for institutional investors in collaboration with NORD/LB Norddeutsche Landesbank. The property, which was built in 2008, is within walking distance of Düsseldorf Airport’s terminal building, has a total rental space of 4,700 square metres spread over seven floors as well as 103 parking spaces (with 89 in an underground car park) and is currently fully let. The main tenant is the logistics real-estate provider Prologis, which has already been at the location for ten years. The purchase was brokered by Colliers International. The parties have agreed to maintain discretion about the purchase price.
Airport City is very well connected to the public transport network and is easy to reach by bus, suburban rail or by Deutsche Bahn long-distance train. The nearest motorway junction is only 400 metres away. Airport City also boasts a pleasant environment with many parks and green spaces. “This location at Germany’s third largest airport has become a popular submarket in recent years due to its price advantages and great infrastructure,” says Felix Meyen, Head of Transaction Management Germany at Warburg-HIH Invest. “Companies such as Siemens, Unibail-Rodamco and Porsche have subsidiaries in the direct vicinity. The companies and institutions that operate here are loyal to the location, and there is sustainably growing demand for rental space, which is why we expect that there will be a consistently high letting rate in Airport City.”
The special open-ended AIF “TOP 7 Deutsche Metropolen Immobilien Invest” invests in Germany’s relevant core office markets and has a planned investment volume of around EUR 400 million.
“This location at Germany’s third largest airport has become a popular submarket in recent years due to its price advantages and great infrastructure. Companies such as Siemens, Unibail-Rodamco and Porsche have subsidiaries in the direct vicinity. The companies and institutions that operate here are loyal to the location, and there is sustainably growing demand for rental space, which is why we expect that there will be a consistently high letting rate in Airport City.”
Felix Meyen, Head of Transaction Management Germany,
Warburg-HIH Invest
