KGAL GmbH & Co. KG has successfully sold Deutsche Telekom's 81,000m² global headquarters located in Bonn. The company acted both as part owner of the property and as transaction advisor to the majority owners, several South Korean institutional investors. The modern headquarters in Bonn's federal district, which were partially refurbished in 2017, are let on a long-term lease and were acquired by Art-Invest Real Estate.
"With the sale of the property, we were able to successfully conclude the engagement for our Korean partners," commented Andre Zucker, Managing Director Asset Class Real Estate at KGAL Investment Management GmbH & Co. KG.
The single-tenant property, built in 1995, is fully let to Deutsche Telekom on a long-term basis.
