An international property investment management company has acquired an office complex in the north of Dusseldorf from a closed-end property fund managed by DG ANLAGE in Frankfurt. The purchase price for the property amounted to a double-digit million figure and the stockholders expect provisional liquidation proceeds of 2.4 times the nominal equity capital. Colliers Trombello Kolbel acted as consultant for the transaction.
An international property investment management company has acquired an office complex in the north of Dusseldorf from a closed-end property fund managed by DG ANLAGE in Frankfurt. The purchase price for the property amounted to a double-digit million figure and the stockholders expect provisional liquidation proceeds of 2.4 times the nominal equity capital. Colliers Trombello Kolbel acted as consultant for the transaction.
The complex consists of three office properties, offering some 14,000 m2 of office space as well as a basement parking for 160 cars. The main tenant, the Society of German Engineers (VDI), will be moving into new headquarters at Airport City by end 2008.
The new owner plans an extensive refurbishment and to install professional asset management. Colliers Trombello Kölbel will continue to advise the investment company on making best use of the value appreciation potential of the property.
