Deutsche Investment has purchased a mixed office/retail building comprising 8,000m² on behalf of its “Deutsche Investment – Büro I” separate asset pool. The total investment costs approximate €28m. The seller is a family office. Colliers International acted as an advisor during the transaction.
The complex is located in downtown Nuremberg is in the immediate vicinity of the central railway station and of the historic town centre. Numerous shopping venues, restaurants and cultural amenities lie within walking distance, as is the city’s landmark, the imperial castle. The six-storey building, completed in 1976, is structured for multi-tenant occupancy. Tenants have the use of 65 parking spaces on the premises.
"The office as a central workplace is here to stay, no doubt about it. Even if classic office work is being permanently changed by mobile work models, the office as central anchor and communication point will gain, rather than lose, in significance. Centrally located, conveniently accessed office locations remain very much in demand,” said Enver Buyukarslan, the main shareholder of Deutsche Investment KVG.
“The city of Nuremberg and its surroundings with their numerous resident mid-market companies and global players make up one of the economically strongest metro regions in Germany. Especially the inner city and the area within the ring road are popular among office tenants because of their easy accessibility,” added Klaudia Spychala, Transaction Manager at Deutsche Investment KVG.