Global investment giant AEW has acquired Schiessstraße 61, a fully occupied, multi-let office building located in the office submarket of Linksrheinisch in Düsseldorf, Germany. The asset was acquired on behalf of one of AEW’s funds. Financial details were not disclosed. The five-storey building, which comprises 4,400 sqm of flexible rental space was originally built in 1953.
In 2021, a renovation was undertaken including modernising the entrance hall and staircase, and installing energy saving (LED) lighting. The asset is fully let to several credit-worthy tenants across a range of industries including telecommunications and engineering.
Source: https://propertyeu.info/Nieuws/AEW-acquires-office-building-in-Dsseldorf-Germany/22ff003d-3fe4-4037-8350-c955311587f7, on 23.02.2023