Transactions - FEBRUARY 22, 2021

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Union Investment awards property management contract for office asset in Germany

by Kali Persall

Berlin-based owner-managed medium-sized property manager Tattersall Lorenz has been awarded a technical and commercial property management contract for an office asset under construction in Bonn, Germany.

The property manager was commissioned by Hamburg-based Union Investment as part of a partnership that started in 2019. Tattersall Lorenz currently manages 33 properties totaling 310,000 square meters (3.3 million square feet) of rental space for Union Investment.

This three-part office property known as Neuer Kanzlerplatz is currently under construction. The completion of houses one and two is planned for second quarter 2021, and house three for second quarter 2022.

Following the completion of construction work, the Neuer Kanzlerplatz will have around 61,000 square meters (656,600 square feet) of rental space, as well as design offices and food areas. The property includes an underground garage with 966 parking spaces. The property’s largest user is Deutsche

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