A joint venture between investment manager Peakside Capital Advisors AG and the global private markets investment manager Partners Group, on behalf of its clients, has sold an office building from the former Omega portfolio to University Hospital Essen (Universitätsklinikum Essen). The parties agreed not to disclose the purchase price.
The property in the Theodor-Althoff-Strasse encompasses around 21,600 square meters (232,500 square feet) of office space as well as 450 parking spaces in an underground car park. With the acquisition, University Hospital Essen is expanding its footprint in the city and is planning to move into the new location in 2023. The current occupancy rate of the property is 50 percent.
“The new property opens up a strategic opportunity for us. We can expand the clinical services at our original campus through the relocation of administrative functions,” said Thorsten Kaatze, commercial director and deputy chair of Universitätsmedizin Essen.