Deutsche Investment acquired two mixed residential/commercial buildings with a combined lettable area of around 2,200 square metres in Cologne. The properties are earmarked for the “Deutsche Investment – Wohnen Germany I” special AIF. They were sold by Dr. Rüger Holding GmbH & Co. KG, a family office and real estate company based in Cologne.
The two interconnected buildings are located on Mathiasstrasse in the inner city of Cologne, and benefit from very convenient public transportation access. The urban setting with its diverse amenities makes this site a popular and sought-after residential area for a broad-based tenant constituency. All of the 28 residential and four commercial units are occupied at this time.
By acquiring these properties, Deutsche Investment has continued its investment strategy to increase its portfolio share of assets located in Germany’s seven Class A cities. “The already implemented energy upgrade has helped us to improve both the portfolio quality and its energy efficiency. So, it is with confidence, not least because of the economically strong region and its positive demographics, that we consider this an all-around future-proof investment,” explained Gilbert Merz, Principal Transaction Management at Deutsche Investment Kapitalverwaltung AG. During the transaction, Deutsche Investment was advised on legal aspects by the law firm of SNP Schlawien Partnerschaft, and in regard to the technical due diligences by CBRE. The seller side, represented by the company’s managing partners Diana Gerdom and René Gerdom, was advised during the transaction by Simonetta Hahn and Tim Odendahl of the Ebner Stolz law firm.
The “Deutsche Investment – Wohnen Deutschland I“ special property fund focuses on setting up a balanced real estate portfolio for residential rental purposes that focuses on investments across Germany. It targets an investment volume of c. EUR 300 million.
Press –
06/30/2023