GEG German Estate Group, Frankfurt, announced the acquisition of the “Business Campus am Park” (BCP) office property at Werdener Strasse 10, Düsseldorf, comprising approximately 21,000 m² of rental space, from CETUS Immobilien GmbH & Co., Düsseldorf as part of an off-market transaction. The parties have agreed not to disclose the purchase price. The sole tenant is the international audit firm PricewaterhauseCoopers, which employs 1,700 people at its Düsseldorf site and holds a long-term lease.
BCP, a modern, representative office building, marries high-quality construction with timeless architecture. It enjoys a central location in the city of Düsseldorf, just one subway station away from the main train station, making it quick to reach using public or private transportation. Numerous developments in the immediate vicinity such as the Landesunfallkasse (Accident Insurance Fund) developed by Kölbl Kruse, the 435-room hotel developed by Citigrove, plus over 1,000 apartments in “Living Central” and “FlinCarré” enhance the value of the location, just as the neighboring public park does.
The building has nine upper floors and three lower floors with a total of 291 underground parking spaces. The multi-purpose office space provides individual single and double offices for concentrated work along with open-plan solutions for team-based work. The archive and utility rooms are located at the center of the wing on the park side and the tower. The ninth upper floor is a conference floor. On the ground floor, there are additional centrally located meeting rooms just off the entrance hall. The staff cafeteria is also located on the ground floor.
Ulrich Höller, Chief Executive Officer of GEG: “BCP is an outstanding addition to our portfolio in the Institutional Business division, characterized by four key features: prime location, first-class tenant, top-quality construction, and long-term lease.”
The law firm HauckSchuchardt, Hessische Landesbank, and CBRE were involved in the transaction in an advisory capacity.
