German investment manager HIH Invest Real Estate has acquired an office building, located at Albert-Einstein-Strasse 2 in Osnabrück in the German state of Lower Saxony. 

The Osnabruck office

The Osnabruck Office

Completed in 2014, the building is certified under the DGNB Platinum sustainability standard and provides a total lettable area of 3,222 m2 on three full storeys.

The property is located in the Wohn- und Wissenschaftspark Osnabrück, a residential and science park in the Westerberg district of Osnabrück.

It also includes 90 car parking spots and five charging stations for electric vehicles, each with two charging points. A roof-mounted photovoltaic system provides almost the entire power that is consumed by the building.

It serves as head office of pbr Planungsbüro Rohling, the company who sold the building and is leasing it back on a triple net lease with a 15-year term.

Daniel Asmus, team head of transaction management office Germany at HIH Invest, said: 'The long-term lease with its two renewal options of five years each implies stable and inflation-indexed rental income for us.

'Back when pbr AG designed the building, it considered not only its own aspirations and requirements for a corporate headquarters, but took such a far-sighted approach that the property is perfectly suitable for alternative types of use and would even lend itself to multi-tenant occupancy.'

The property was purchased for the Deutschland Selektiv Immobilien Invest II"special AIF, which pursues an Article 8 investment strategy, and focuses on energy-efficient office properties in attractive locations of German fast-growth cities and of the seven Class A cities.

The legal and fiscal pre-acquisition audit was performed by the law firm of Baker Tilly, while Drees & Sommer handled the technical due diligence.

Lütgen Breiholdt Immobilien acted as estate agency.