An opportunity Fund advised by Tristan Capital Partners and Finch Properties has acquired a circa 40,000 m², fully-occupied building complex in Sternengasse, Cologne. The asset, which is 100% let to Deutsche Telekom, represents a secure income-producing asset that offers multiple development options for the future. The property enjoys an excellent location in a close proximity to the major Heumarkt Station hub and he city’s best retail streets: Hohe Strasse and Schildergasse.
Ali Otmar, Senior Partner – Investments, Tristan Capital Partners, said: “The Fund has secured an excellent asset at a strategic location in the heart of Cologne’s central business district. The complex enjoys superb transport links, close proximity to excellent retail and leisure, and provides the Fund with multiple opportunities to add value.”
Achim Tillmann, Managing Partner, Finch Properties, said: “It took us a long time to find an off-market investment opportunity of this quality and structure. We are happy to have teamed up with a partner like Tristan, which has the distinct understanding of this kind of asset and a profound knowledge of Cologne’s office market.”
Tristan opportunity Funds have made several notable investments in Cologne in recent years, including the acquisition of the DuMont Carré mixed-use scheme in July 2017, and the purchase of the Barthonia Forum, a mixed-use estate in Cologne’s Ehrenfeld district in May 2015.