Investcorp has purchased KO Campus complex in Eschborn, Germany from Cilon AG for approximately €86m. The acquisition is Investcorp’s second real estate investment in Germany. The newly renovated modern office campus is comprised of three office buildings totalling approximately 40,000m² and houses some well-known tenants across a diverse set of sectors, including manufacturing, retail and technology. KO Campus features state-of-the-art research and development, data and design centres, a restaurant and conference rooms.
Rishi Kapoor, Co-Chief Executive Officer of Investcorp, said: “Our European Real Estate team continues to ramp up its momentum in sourcing attractive deals for our clients. This transaction represents an important milestone in our European real estate focused growth initiative, and is a testament to our confidence in the German market’s viability. We are continuing to explore a range of interesting investment opportunities in the country and more widely across the major cities in Europe.”
Commenting on the acquisition, Neil Hasson, Managing Director in Investcorp’s Real Estate Investment division in Europe, said: “Germany’s real estate market is thriving, and demand for office space from local businesses is booming. KO Campus is ideally located in the centre of the Frankfurt urban area, one of the top three real estate markets in Germany, and is anchored by well-established tenants who represent a diverse portfolio of industries. We are very pleased to have acquired this asset.”
