Le mie ricette per la real estate communityCommodus,
a private equity investor with a focus on office real estate, has
undertaken its first investment in Cologne with the acquisition of the
property at Stolberger Straße 374
for its “Commodus Deutschland Fund II SCSp, RAIF” fund. The
building has 9,000 square metres of lettable area, of which some 20% is
currently vacant. Commodus’ overall objective is to sustainably
establish itself on the Cologne market. Further purchases are in
planning to help realize that goal. Within the scope of the transaction,
Commodus was able to draw on the consultation services of Jenckel Law,
Brand Berger, Hellriegel and PKF.
Leonhard Sachsenhauser, Managing Director at Commodus, says: “We see
Cologne as a truly promising investment location. A high demand for
office space due to sustainable economic development, competitiveness on
account of various research clusters and universities
as well as a high quality of life ensure demand for modern office
spaces. Our first investment in Cologne has the very clear objective of
gaining a long-term foothold in the market.”
Some 20% of the property’s office space is currently not let. This opens
up opportunities for Commodus to implement a new interior design
concept, with a focus on utilisation concepts that adapt to the rapidly
changing needs of innovative companies. Built in
1998, the property’s flexible structure allows for modern
flexible-space offices with rental units of approximately 300 to 1,900
square metres per floor.
The location in Cologne’s Braunsfeld district has established itself as
an alternative to downtown office locations through its accessibility
via the public transport (Müngersdorf Technology Park S-Bahn station and
tram along Aachener Straße) and its proximity
to attractive residential areas. Braunsfeld is also home to one of the
largest commercial zones in Cologne, the TechnologiePark Köln. More than
300 companies from various sectors have settled in this modern office
and retail location. The district is now considered
an attractive service provider location, especially for companies from
the advertising and media industries as well as companies from the
information and communications sector. Thanks to a large number of
trendsetting project developments, this dynamic submarket
will continue to gain in location quality in the medium term.
Photo: Stolberger Straße 374 ( source: Commodus)
Source : Company
