IMMOFINANZ AG has sold the office building 'FWS12' in Duisburg to a special fund of Deka Immobilien Investment GmbH. The selling price amounts to approximately €35 million. The deal has been brokered by ANTEON, a real estate consulting firm in Düsseldorf.
The modern office building is situated in the city center of Duisburg and lies next to the pedestrian area. All of the 16,000 m² floor space including 232 parking lots of the underground car park are let to tenants with a good credit-rating on a long-term basis; over 90% of them to a company of the German state North Rhine-Westphalia and to the Sparkasse Duisburg.
"In the course of our restructuring program and the optimization of our real estate portfolio we have opted to dispose of this property. The transaction is respectably optimizing the cash flow of the company," IMMOFINANZ AG-CEO Dr Eduard Zehetner explains the deal. He continues: "Also, the sale demonstrates once again that IMMOFINANZ AG is able to operate with valuable assets and to sell properties in a difficult market."
Source: IMMOFINANZ AG