IMMOFINANZ is selling the “Panta Rhei” office building in Düsseldorf to Deka Immobilien, one of the largest real estate asset managers in Germany. This building, which is located in the Airport City, has roughly 9,600 sqm and is fully rented. The purchase contracts have already been signed. The transaction is taking place at an attractive market price.
The IMMOFINANZ portfolio in Germany had a carrying amount of EUR 650.0 million (12.8% of the total portfolio) as of 31 March 2020 and is, for the most part, located in the attractive Düsseldorfer Medienhafen. The myhive Medienhafen, a new office high-rise with roughly 21,000 sqm is currently under construction at this location with completion scheduled for mid-2021.
Source : Company