Commerz Real has acquired a virtually fully leased office complex with a leasable area of approximately 10,900 square meters (117,326 square feet) on the banks of the river Rhine in Cologne’s Neustadt-Nord district for around €60 million ($72 million) for its open-ended real estate fund hausInvest.
Tenants in the complex of buildings with the address Oppenheimstrasse 11 / Elsa-Brändström-Strasse 10-12 are DEVK Rückversicherung und Beteiligungs-AG, Aachener Grundvermögen Kapitalverwaltungsgesellschaft, Deutsche Oppenheim Family Office as well as Evo Payments, a specialist for cash-free payment transactions. The seller is the real estate company Köln Oppenheimstraße GbR.
The complex, which comprises four elements, was erected between 1900 and 1967 on a plot of land covering approximately 8,900 square meters (96,000 square feet) and was extensively modernized in 2008. The tenants can make use of a canteen with an outdoor seating area, an underground car park and
