Warburg-HIH Invest Real Estate has acquired an office and administrative property development in the district capital of Bergheim near Cologne. Seller is the Tecklenburg Group based in Straelen, which developed the project and is now constructing the building. The property was designed by JBR-Partner Rotthoff-Nienhaus Architekten. It is planned to seek a DGNB Gold certification for the new-build scheme, which is already let in its entirety on a 20-year lease to the State of North Rhine-Westphalia, acting on behalf of the district police authority of the Rhine-Erft district. The property located on Sportparkstrasse comprises 12,100m², and offers about 340 parking spots on the plot of around 21,600m². The asset is earmarked for an individual fund managed by Warburg-HIH Invest. It was agreed not to disclose the selling price.
“We were able to secure the office scheme for our investor early on in the development phase. Since the property is let to a blue-chip tenant who is loyal to the location, it will generate stable long-term income streams. Moreover, the configuration of the floor plans implies a high alternative use potential that would permit converting the building for multi-tenant occupancy,” said Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest. “The site is plausible as well, the region being one of the economically strongest in North Rhine-Westphalia, defined by a diversified industry structure and by long-term growth potential.”
