Investcorp has sold the Ko3 office building, part of the KoCampus, at Kolner Straße 3 in Eschborn, Germany, in an off-market transaction with CONREN Land.
Built in 1992, KoCampus comprises three adjacently-located, self-contained office buildings with an aggregate size of approximately 39,000m². Each of the three properties is made up of seven office floors above ground and two basement levels used for parking and storage. Located in Eschborn's Gewerbegebiet Sud, seven miles northwest of Frankfurt CBD, the properties are in a well-connected commuter location and near Frankfurt's main train station.
Over the last five years, the Eschborn market has experienced significant investments through the refurbishment of existing stock and the construction of new developments. The area is expected to benefit from further investments with the Regionaltangente West suburban rail line due to complete in 2026, providing a direct cross-link to Frankfurt Airport.
The Ko3 office building comprises a total leasable area of around 11,500m². The diversified tenant mix includes GLS IT Services GmbH and 11 other well-known companies from growth sectors such as IT and consulting. Of the total leasable area, around 10,500m² is office space and around 1,000m² is warehouse and ancillary space.
Neil Hasson, Managing Director – Head of Investcorp European Real Estate, said: “We continue to see tremendous opportunity across our portfolio across Europe, including Germany. The Ko3 office building is a fully-stabilized, high-quality asset located in a market with enormous potential. Having realized our business plan, we are pleased to be selling the property to CONREN Land. We look forward to continuing to invest in the Frankfurt area and growing our portfolio across Europe.”
