TRIUVA has acquired the New Office Düsseldorf development project from STRABAG Real Estate GmbH (SRE) in an off-market transaction.
The sales price is estimated to be €200 million ($237 million). New Office Düsseldorf is among the city’s largest office complexes currently under construction.
SRE is developing the core office project on the former grounds of the Rheinbahn, a regional rail operator, located in the Oberkassel district, directly across the Rhine River from Düsseldorf’s historic centre. Demolition and clearing of the old Rheinbahn headquarters begun in June of this year. The ceremonial groundbreaking for the new office complex was held in November 2017, with completion scheduled for the end of 2020.
The project will provide some 355,000 square feet of gross leasable area
