Deutsche Investment invests in Düsseldorf and Cologne

The total investment volume for all properties amounts to around 65.5 million euros. The seller is a family office, reports Deutsche Investment. The properties acquired are characterized above all by their inner-city locations with good transport connections and lively tenant demand. This is reflected in a correspondingly high occupancy rate.

The properties in Düsseldorf are in districts 1, 3 and 7. The properties in Cologne are located in the city center and in the Ehrenfeld and Porz districts. The entire portfolio is almost completely let. The change in benefits and burdens will take place at the beginning of 2021.

An office in Düsseldorf will be opened in the corporate group of Deutsche Investment and EB GROUP to look after the properties. From January 4, 2021, this will be staffed by a team from property, letting and facility management. With the opening of the office in Düsseldorf and the existing offices in Hamburg, Berlin, Nuremberg and Dresden, Deutsche Investment is now represented in the corporate group at five locations.

“With the acquisition of this residential property, we are opening up a further metropolitan region outside of our previous investment focus Hamburg and Berlin,” says Enver Büyükarslan, partner of Deutsche Investment KVG. The transaction is therefore intended to be the basis “to gradually acquire further properties in line with the strategy in the cities of Düsseldorf and Cologne”.

At least 50 percent of the investments for the “Deutsche Investment – Wohnen V” special fund are concentrated on A-cities and selected growth cities in Germany. The current portfolio is spread across the federal states of Berlin, Saxony, Thuringia and North Rhine-Westphalia.

Photo: Deutsche Investment

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