Deutsche Bank’s regional headquarters in Dusseldorf is understood to be on the market with a price tag of over €200 mln, PropertyEU has learned.
Deutsche Bank’s regional headquarters in Dusseldorf is understood to be on the market with a price tag of over €200 mln, PropertyEU has learned.
Located in the banking district, the DB asset was bought by Tishman Speyer in September 2005 from an affiliate of The Blackstone Group.
The 41,600 m2 complex comprises seven buildings and covers an entire city block at the corner of Koenigsallee 45-55 and Breite Strasse 20-34. Other tenants in the building include Egon Zehnder, Eurohypo, and the French Consulate.
Similarly, Commerzbank is believed to be offloading its regional head office in Dusseldorf for €100-150 mln while in Frankfurt Austrian property group CA Immo expects to receive non-binding offers this month for a 75% stake in its 200-metre high Tower 185 building in the Gallus district of Frankfurt.
The vendor hired CBRE earlier this year to market the asset valued at around €400 mln. Located at the entrance of the Europaviertel district, the 100,000 m2 fully let scheme was completed at the end of 2011 and is mainly let to PricewaterhouseCoopers which occupies 68,000 m2 and uses it as its Frankfurt headquarters. Besides offices, the building provides a conference centre and 551 underground parking spaces.
Also in Frankfurt, CBRE Global Investors is understood to be looking for a buyer for WestendDuo, a high-rise office complex delivered in 2006. The asset, which was developed by Hochtief, consists of two 26-story towers connected by stairwells and provides nearly 33,000 m2 of space.
