Cologne: GS Immobilien acquires former RTL building in Junkersdorf
GS Immobiliengruppe has acquired the former RTL complex located at Aachener Straße 1042 in Cologne’s Junkersdorf district. The investment volume ranges in the double-digit millions. The site consists of 8,500 sqm of land with around 20,000 sqm of mixed-use commercial space, 10,000 sqm of office space, a computer center, studios, and around 700 underground parking spaces. Currently, 14% of the space is let, including around 3,000 sqm of office space. The former television studios and the computer center are currently vacant. GS, working together with a Frankfurt-area family office, intends to market the property under the name “1042”. The property was built in the early 1990s and last belonged to the portfolio of an international investor group.
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