Montano Real Estate GmbH (Montano) has acquired another attractive property for the Montano Public Sector Fund I. The training and administration complex in Duisburg has around 5,500m2 of leasable space on a 9,200m2 site, which is mainly used as a parking lot for up to 260 vehicles. The property is leased to the Duisburg Study Institute until 2034. The lease is indexed annually to protect its value. The purchase is part of an asset deal.
“We are very pleased that we have been able to successfully close another deal in Duisburg,” said Hossein Gharany, Director of Investment. “The building provides stable rental income, paid by a state tenant with a strong credit rating, and the prospects for the further development of the property are very good: all districts of Duisburg currently lack secondary schools, and primary schools have also reached their capacity limit. The demand for suitable rentable buildings and developable land is correspondingly high.”
The property is located in the southern Duisburg district of Grossenbaum. Both the city centres of Duisburg and Düsseldorf and Düsseldorf Airport can be reached quickly from the building: the “Duisburg Grossenbaum” S-Bahn station is less than a two-minute walk away, and the access to the A59 motorway is only about 850m away. In addition to a few restaurants and bakeries, there are also a few supermarkets in the immediate vicinity. The training building itself was built in 2002 and modernized in 2023/2024 as part of tenant improvements. The building has five floors (ground floor + four upper floors) with a total leasable area of approx. 5,500m2. The generously sized property of approx. 9,200m2 includes 260 parking spaces. The ground floor houses the foyer, a kitchen and a bistro area, as well as administrative and storage areas. The four floors above this level include training rooms (ground floor to second floor) and office space (third and fourth floors). The fifth floor houses the building services.
“As an active asset manager and investor, Montano is interested in increasing the value of the properties entrusted to us, as well as our own,” said Samson Weldemariam, Head of Investment. “Targeted ESG and CapEx measures offer significant potential for this, especially for existing properties. Investments in modern building technology and attractive interior and exterior spaces should also ensure that the property becomes more sustainable on the one hand and remains attractive for tenants on the other, thus achieving a stable rent in the long term.”
Montano was advised by McDermott Will & Emery, albrings+müller and Colliers on the transaction. The seller was advised by Vitura.
Image source - Pexels.
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