Danish pension fund KP International has entered the German property market with the purchase of the Ludwig-Erhard-Center in Dusseldorf city centre from an unnamed Dutch company for a little over EUR 30 mln. The Ludwig-Erhard-Center was completed in 1992 and offers around 11,500 m[sup]2[/sup] of net space spread over 16 storeys. The office building is fully let on a long term basis to Sparda Bank West, which is headquartered in the center.

Danish pension fund KP International has entered the German property market with the purchase of the Ludwig-Erhard-Center in Dusseldorf city centre from an unnamed Dutch company for a little over EUR 30 mln. The Ludwig-Erhard-Center was completed in 1992 and offers around 11,500 m2 of net space spread over 16 storeys. The office building is fully let on a long term basis to Sparda Bank West, which is headquartered in the center.

Colliers Trombello Kölbel Immobilienconsulting acted as sole agent. The vendor took legal advice from Freshfields Bruckhaus Deringer. Cushman & Wakefield Investors has been appointed asset manager of the property.