Warburg-HIH Invest Real Estate has sold two office properties in Ratingen – both formerly part of a separate account – to Obotritia Capital. The two office buildings are located at 27&29 Gothaer Strasse and also at the adjacent address, 31 Gothaer Strasse. The sole tenant of one of the buildings and one of the tenants of the second building is the French company Schneider Electric, which has its German headquarters there. The parties agreed not to disclose the purchase price.
"This sale has enabled us to tap into the dynamic demand for German office properties outside the top seven cities, thereby securing attractive revenues for our investors," says Hans-Joachim Lehmann, Managing Director of Warburg-HIH Invest and responsible for Transaction Management Germany. "Ratingen is an attractive investment location for us, especially given the good links to Düsseldorf airport and the fact that the town is becoming established as a hotspot for IT and telecommunications companies," says Rolf Elgeti of Obotritia Capital.
The single-tenant building at 27&29 Gothaer Strasse (built in 1990) has more than 9,300 m² of office space and 181 parking spaces. The multi-tenant office building at 31 Gothaer Strasse (built in 1986) offers 4,900 m² of rental space and 103 parking spaces.
