Hannover Leasing, a Corestate Capital Group company, has acquired an office complex in Dusseldorf-Oberbilk. The new building has been fully leased to Unfallkasse NRW which is opening its new headquarters at the property and will move in with around 500 employees by the end of next year. A rental agreement with a 15-year term and no special right of termination has already been signed. The price amounts to just under €55.5m. The seller is the Essen-based project developer Koelbl Kruse. Hannover Leasing is planning to transfer the property into a mutual AIF specially designed for foundations, which will align management to the needs of foundations.
Designed by renowned architects RKW Architektur +, the building has a total rental area of approx. 12,100m² and is located on Moskauer Strasse at the International Trade Center in Oberbilk, an inner-city urban borough in southeast Dusseldorf. It has very good public transport connections and is within walking distance of the central train station.
“The Dusseldorf office market is characterized by high demand and scarce supply – the vacancy rate is currently around 7%, east of the centre even down to about 4.4%,” says Markus Muller, Managing Director of Hannover Leasing. “The building will be barrier-free, state-of-the-art and seeks a DGNB sustainability certificate in Gold.”
