BNP Paribas REIM acquires prime office building in Ratingen (DE)

BNP Paribas REIM acquires prime office building in Ratingen (DE)

BNP Paribas REIM has recently acquired an 11,000m² office building in Ratingen, Germany, from LaSalle Investment, on behalf of its SCPI OPUS REAL. The building is strategically located in the established office market of Ratingen East, in the immediate vicinity of Düsseldorf, Germany’s 7th largest city. This recent and modern asset was delivered in 2009 and has LEED Platinum and Wired Score Silver certifications. It benefits from excellent transport connections with tram and train stations only a few minutes walk away and the international airport and the main railway station can be reached in only 15 and 20 minutes respectively. The asset benefits from a diversified rental situation with 12 quality tenants and secured cash flows for the next 4 years. The purchase price was not disclosed. 

 

Jean-Maxime Jouis, Global Head of Fund Management for the business line BNP Paribas REIM, commented: "This acquisition strengthens the Opus Real portfolio and fits in perfectly with the fund’s strategy by adding a modern and certified asset that offers multi-tenant use and is located in a strategic office location in Ratingen. In addition, the tenants’ diversification and low-risk profiles ensure stable cash flows."

 

Isabella Chacón Troidl, Chief Investment Officer of BNP Paribas REIM Germany, said: "With the Zwei-Scheiben-Haus we are securing a premium property for our investors at an excellent location."

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