HOCHTIEF Projektentwicklung has already sold the Cologne property maxCologne to HIH Hamburgische Immobilien Handlung prior to the start of construction. The project has been purchased for an institutional special fund of Warburg-Henderson in which Rheinische Versorgungskassen is the sole investor. It was agreed that no details of the purchase price would be disclosed.
The project developer is aiming to obtain Gold certification for the building from the German Sustainable Building Council (DGNB). Alongside offices on the upper 19 floors of the high-rise and seven floors of the "Rheinetagen", catering outlets are planned for the ground floor areas. The energetically optimized glass facade, the terraces and the flying roof are the result of a competition amongst internationally renowned architecture firms held in 2009. The complex, directly adjacent to the Rhine embankment offers flexible office space with an unobstructable view of Cologne Cathedral and the old city.
"maxCologne has proved itself as an attractive capital investment. Its sale at this early stage of the project and in the present market climate bear witness to the project's unique nature and sustainable value," says Robert Bambach, managing director of HOCHTIEF Projektentwicklung.