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Deutsche Investment acquires office property in Nuremberg
Transactions - JANUARY 11, 2021

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Deutsche Investment acquires office property in Nuremberg

by Released

Deutsche Investment has purchased a mixed office/retail building in Nuremberg, Germany, of around 8,000 square meters (86,000 square feet) of lettable area, on behalf of its “Deutsche Investment – Büro I” separate asset pool. The total investment costs approximate €28 million ($34 million). The seller was a family office.

The location in downtown Nuremberg is located in the immediate vicinity of the central railway station and of the historic town center. Numerous shopping venues, restaurants and cultural amenities are within walking distance, as is the city’s landmark, the imperial castle. The six-story building, completed in 1976, is structured for multi-tenant occupancy. Tenants have the use of 65 parking spaces on the premises.

“The office as central workplace is here to stay, no doubt about it,” said Enver Büyükarslan, the main shareholder of Deutsche Investment KVG. “Even if classic office work is being permanently changed by mobile work models

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