AEW has agreed to acquire Grand Slam, a state-of-the-art, multi-let office complex in the center of Cologne, Germany. The asset was acquired on behalf of one of AEW’s funds from Swiss Life Asset Managers.
Grand Slam, which comprises 8,000 square meters (86,111 square feet) over two buildings, has been extensively refurbished in 2022 while retaining the building’s listed façade and staircase, and offers occupiers ultra-modern and high-quality workspace that is DGNB Gold pre-certified.
The refurbishment delivered enhanced sustainability features to the building, with the installation of modern building-control technology, along with ventilation and cooling for optimized energy efficiency. The echarging infrastructure has been extensively expanded and 70 bicycle parking spaces were created.
The asset is fully let to several tenants with strong credit ratings operating in a variety of sectors, including Swiss Life Asset Managers, which relocated its headquarter
