Allianz Real Estate Germany acquires Sky Office, Düsseldorf (DE)

Allianz Real Estate Germany has purchased the office building Sky Office at Kennedydamm in Düsseldorf. It was sold by ORCO erste Projektentwicklungsgesellschaft mbH, a subsidiary of ORCO Germany S.A. Both parties have agreed not to disclose transaction details.

Sky Office was completed in 2009. It is a very modern building of highest standard, located between the city centre and the airport on main public and private transport routes into the city.

It is one of few high rise towers in Düsseldorf and contains ca. 33,000 m² of office space. Currently Sky Office is 90% leased to high quality tenants such as McKinsey and Hogan Lovells.

"With Sky Office we add an excellent asset to our portfolio in the capital of North Rhine-Westphalia", declared Stefan Brendgen, CEO of Allianz Real Estate Germany. "After investments in Berlin and Hamburg this year, the purchase of Sky Office in Düsseldorf again shows the high attractiveness of the major German real estate markets for Allianz."

Source: Allianz Real Estate

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