EQT Real Estate completes its first exit from Germany

EQT Real Estate fund I has disposed of its 100 percent ownership interest in the TechnologiePark (TPK) portfolio in Cologne, Germany, to TPG Real Estate Partners.

TPK contains seven high-quality assets located in the Ehrenfeld district of Cologne, comprised of six class A office properties spanning approximately 81,500 square meters (877,000 square feet) and the Mercedes-Benz Center, a regional car showroom hub and a full-service center spanning approximately 35,000 square meters (377,000 square feet). TPK serves a prominent group of tenants with long-term rental agreements, including Daimler AG, Ford Motor Co. as well as the German government. The office park is located near TechnologiePark station, which provides a direct, 10-minute rail link to Cologne Central Station.

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