HIH Invest Real Estate has bought the Im Zollhafen 2-4 office property on the bank of the Rhine in Cologne from Dereco.

The real estate investment manager said the 7,300sqm multi-tenant property was acquired on behalf of a fund.

Financial details were undisclosed.

Nadine Robra, team leader of transaction management Germany at HIH Invest, said the location of the property makes it an attractive office venue.

Oliver Scholtz, senior fund manager at HIH Invest Real Estate, said: “The property is a high-end office investment in one of Germanys Big 7 cities. The diversified tenant structure of the multi-tenant property and its excellent location offer security and potential future development opportunities.”

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