Warburg-HIH Invest Real Estate acquired a new 7,900m² office building in Bonn, Germany. Currently under construction, with Strabag Real Estate & Pareto in charge of the development, the building is scheduled to be completed by June 2019. The property, which is already pre-let in its entirety, is earmarked for the open-ended special AIF “Deutschland Selektiv Immobilien Invest.” The tenants include a project sponsor of the DLR German Aerospace Centre (4,930m²), the promotion agency ReinboldRost (1,310m²), the business consulting firm Schmitz Knoth Rechtsanwälte (1,500m²) and the bakery Mauel 1883 (150m²). The average lease term is around 9 years. The purchase price was not disclosed.
The “Haus der Hofe” is located inside the Federal District, the most important office location in the former national capital. The site at the corner of Joseph-Beuys-Allee and Genscherallee is conveniently connected to the local and regional public transportation networks via a nearby underground station and the new railway station “UN Campus” of Deutsche Bahn.
“The brisk response on the part of tenant and buyer leads reflects the high quality of this property,” said H.-Jurgen Rodehuser, Managing Director of Pareto.
“We are handing over a project with high-end architecture in a prime location,” added Rainer M. Schafer, Managing Director of Strabag Real Estate.
“This acquisition brings the number of assets in fast-growing German cities up to nine,” said Stefanie Wicke, Fund Manager at Warburg-HIH Invest. “The deal continues our strategy of regional diversification and our selective and qualitative build-up of the fund portfolio.”
