Patroffice & Co, a property investment company set up earlier this month by Dutch pension fund ABP, Denmark's ATP Real Estate and Patrizia Immobilien, has acquired its first office property in Germany. Patroffice paid around EUR 5 mln for the complex, which is located at Munsterstrasse 359 in Dusseldorf.
Patroffice & Co, a property investment company set up earlier this month by Dutch pension fund ABP, Denmark's ATP Real Estate and Patrizia Immobilien, has acquired its first office property in Germany. Patroffice paid around EUR 5 mln for the complex, which is located at Munsterstrasse 359 in Dusseldorf.
The property, which offers around 4,000 m2 of net space over six levels, was acquired from Immo Croissance. The main tenant is insurer Arag.
Colliers Trombello Kolbel Immobilienconsulting represented Immo Croissance in the transaction.
