Barings fund buys office in Düsseldorf, Germany

Barings has acquired Medienzentrum, a 15,700-square-meter (168,993-square-foot) office building in the MedienHafen (media harbor) district of Düsseldorf, on behalf of a pan-European core strategy. The seller is Blue Colibri Capital Partners Fund II SCA, a Luxembourg-based SICAV-SIF. The parties agreed not to disclose the purchase price.

The property located at Zollhof 11-14/Kaistrasse 7-8 offers more than 12,000 square meters of office space, along with event and F&B accommodation. It also features a number of terraces overlooking the harbor, as well as 337 parking spaces in the underground car park. The atrium benefits from abundant natural lighting. The eight-story asset was built in 1995 and has since been refurbished to provide modern, attractive office space. Tenants include the Culture Office of the City of Düsseldorf; Wacom, a specialist for digital ink; software company Infor; and advertising distributor Seven.One Media.

Medienzentrum is locat