HOCHTIEF Projektentwicklung has concluded the biggest rental agreement in the Cologne-based maxCologne project since the development of the Rhine halls in 2006. Specialty chemical group LANXESS is set to move its headquarters to the maxCologne in 2013.
"Company resettlements are not unusual in Cologne; but the magnitude of this rental agreement exceeds anything the city has ever seen since the Generali lease in our Dominium project four years ago," Rolf Müller, Head of HTP Rhein-Ruhr, commented on the contract.
The now leased high-rise is part of the maxCologne project. The ensemble further includes the 'Rheinetagen' located directly on the Deutz Rhine embankment. The two buildings are already pre-certified for Gold status based on criteria stipulated by the Deutsche Gesellschaft für Nachhaltiges Bauen (German Sustainable Building Council).
The maxCologne was sold to HIH Hamburgische Immobilien Handlung for the special real estate fund 'RZVK-Immo-Fonds' of Warburg - Henderson Kapitalanlagegesellschaft für Immobilien even prior to the start of construction an individual fund for Rheinischen Versorgungskassen. HIH runs the asset management for the owner.
Source: HOCHTIEF Projektentwicklung