HIH Invest Real Estate has secured the Cecilienpalais office property in Düsseldorf, expanding its portfolio with a strategic acquisition in one of Germany’s most desirable riverside locations. The asset, which forms part of the open-ended special AIF Deutschland Selektiv Immobilien Invest II, underscores the firm’s focus on core, energy-efficient office buildings in top-tier German cities.
The four-storey property at Cecilienallee 10, completed in 2010, offers 3,245 m² of modern rental space and includes 60 underground parking spaces. Fully clad in natural stone and nearly 100% occupied, the building is distinguished by its high-quality interior finishes and adaptable floor plans, providing both stable income and significant reletting flexibility. Though the purchase price remains undisclosed, the location and asset profile suggest strong long-term value growth, especially given the area’s consistent demand.
"The outstanding location of the Cecilienpalais in the Rheinboulevard submarket won us over. With its close proximity to the Kennedydamm subway station, the site is easily accessible by public transport. Düsseldorf's main train station and city centre can be reached within minutes. Cecilienallee borders the renowned Rheinpark Golzheim, a popular local recreation area," said Daniel Asmus, Head of Transaction Management Office Germany at HIH Invest Real Estate.
Located in one of Düsseldorf’s most supply-constrained office submarkets, the building’s proximity to green space and public infrastructure presents a key attraction to occupiers. For investors and developers, a compelling element is the building’s embedded upgrade potential for ESG retrofitting, positioning the asset for enhanced valuation and compliance with tightening EU taxonomy and corporate sustainability reporting standards (CSRD).
The fund behind the acquisition, Deutschland Selektiv Immobilien Invest II, classified under Article 8 of the EU Disclosure Regulation, continues to deliver annual distribution yields in excess of 5%, reinforcing its appeal for institutional investors seeking sustainable, stable returns in a volatile economic environment.
Legal and tax due diligence was conducted by Hogan Lovells, with technical and ESG checks by Drees & Sommer. On the seller’s side, CBRE acted as broker, Clifford Chance provided legal counsel, and Brand Berger led technical due diligence. IC Immobilien Gruppe served as local asset manager for the seller.
People Mentioned
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Daniel Asmus – Head of Transaction Management Office Germany, HIH Invest
Companies Mentioned
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HIH Invest Real Estate – Buyer, investment manager
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Hogan Lovells – Legal and tax advisor (buy-side)
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Drees & Sommer – ESG and technical advisor (buy-side)
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CBRE – Broker (sell-side)
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Clifford Chance – Legal advisor (sell-side)
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Brand Berger – Technical advisor (sell-side)
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IC Immobilien Gruppe – Local management partner (sell-side)
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