German property investor HIH Invest Real Estate has announced the acquisition of an office property located at Justus-von-Liebig-Strasse 28 in Bonn, Germany, in an off-market transaction.
The property was sold by a joint venture between property developer Ten Brinke and BLI Invest for an undisclosed amount.
The acquisition took the form of a forward-funded club deal arranged on behalf of institutional investors.
The five-storey stand-alone building, which has two basement levels and a landscaped rooftop patio, occupies a plot of about 5,000 m2 and provides more than 12,300 m2 of lettable area.
The building was constructed by Ten Brinke in less than two years according to plans drafted by the CLP GmbH planning firm based in Koblenz and completed on schedule in January 2023. In addition, the scheme includes 153 car parking spots and 155 bicycle parking spaces in the underground car park while also featuring a roof-mounted photovoltaic system. The building is DGNB Gold certified.
The building was leased by a public authority for 15 years with two options to renew the lease for another 5 years each.
