HIH Invest has acquired a mixed-use property comprising offices and doctors’ surgeries in the inner city of Monchengladbach. It was sold by the Jordan Grundbesitz GmbH. The scheme, which is located at the corner of Viersener Strasse and Kaiserstrasse and was built in 2013, represents a fully occupied multi-tenant building with a total lettable area of about 5,040m², of which 4,280m² is used as an office space, 510m² is occupied by doctors’ surgery space, and 250m² is used for archive and storage area.
The main tenant, which occupies over 90% of the lettable area is the law firm Kapellmann und Partner. There is also a doctor’s surgery on the premises. In addition, the complex features an underground car park with 84 parking spots and several EV charging stations. The property was certified for the DGNB “Silver” sustainability standard and was acquired for the portfolio of the “Deutschland Selektiv Immobilien Invest II” fund.
“With the KOB property, we managed to secure yet another attractive investment in the Rhine-Ruhr metro region, the largest conurbation in Germany,” said Daniel Asmus, Senior Transaction Manager Germany at HIH Invest. “The KOB is defined by high alternative use potential because two circulation cores and cavity flooring create the option to partition the lettable area into bespoke units. Moreover, a stable cash flow is ensured by the fact that the building is fully occupied by two high-net-worth tenants.”
Tilman Kaminsky, fund manager at HIH Invest, added: “Our fund pursues a sustainable investment strategy and is in the process of building up an attractive and energy-efficient portfolio. The KOB is a perfect fit: Certified under the DGNB Silver standard, the property satisfies our ESG criteria for the fund, and is optimally integrated into the local infrastructure. The economic conditions and long-term leases signed for the property will secure attractive and stable cash-on-cash returns for the funds.”
