The city of Cologne rents 45,000 m2 in the Agrippa district

The city of Cologne leases close to 45,000 sq. meters of business house in the Agrippa district from Swiss Lifestyle Asset Administrators on a lengthy-term basis.

Swiss Daily life Asset Administrators has conquered the city of Cologne as a new tenant for nearly 45,000 square meters of place of work room in the Agrippa district. Following the metropolis council authorized the lease in the previous Kaufhof headquarters on Leonhard-Tietz-Strasse in February 2022, a lengthy-phrase lease was signed.

“With this lease we have managed to conquer the town as the most beautiful tenant possible for the Agrippa district,” says Christian Dinger, CEO of Swiss Lifetime KVG. “Calculated by the full quantity, this is a single of the greatest leases signed in Cologne in current years.” BNP Paribas Authentic Estate Cologne acted as mediator for both equally parties.

By 2025, the city of Cologne will provide collectively a huge variety of workplaces and other person groups in the creating, which were being formerly scattered through the city. The house will be totally redesigned in the coming months and thus ready for the respective users. At the very same time, modernization measures are underway with the goal of generating the setting up sustainable. The ensemble of structures in the instant vicinity of Neumarkt is composed of a combination of historical and contemporary constructing parts.

“The Agrippa community not only ensures the area necessities of the metropolis in the very long expression, but also delivers staff members with fashionable workplace place. At the similar time, the regional concentration of various workplaces permits a lot more effective processes and structures, “claims Markus Greitemann, Head of the Construction Department of the Town of Cologne.

As introduced by the metropolis in February 2022, quite a few of the properties in the city will no more time be usable in the near long term owing to the planned design work. There is a major supplemental need to have for place thanks to the anticipated want for refurbishment of current urban attributes, as nicely as the transforming requirements for fashionable places of work around the upcoming 10-15 yrs. Among the several years from 2025 to 2029 the fastened lease period of time will also expire for different leases of different sizes of properly in excess of 100,000 sq. meters.

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