pbb and Kreissparkasse Koln has provided €162m to CODIC for an office scheme in Dusseldorf's “Medienhafen”. CODIC has acquired two plots of land in Dusseldorf's "Plockstrasse" for the development of "SMART Office" concept in June 2017. The office complex is already fully let to a group of agencies on a long-term basis.
The building ensemble consists of several parts that are offset from each other. The MIZAL Campus offers tenants a total office rental area of around 34,000m² and 530 underground parking spaces. The scheme benefits from the close proximity of the Media Harbour. Completion is scheduled for the end of 2021.
Gerhard Meitinger, Head of Real Estate Financing Germany at pbb, said: "We are pleased to be able to accompany the construction of this highly modern office development in financing. The building is a highlight in the city of Düsseldorf in terms of architecture, technical equipment and future use."