Cologne: Indigo sells commercial property to AEW
AEW has bought the commercial building on Neumarkt 35-37 in Cologne for the Spezialfonds “AEW City Office Germany” from Indigo Invest. The structure was built in 1962 and revitalized in 2013 and 2018. It has 8,274 sqm lettable space with four upper floors occupied by office tenants, retail space on the ground floor, and two underground levels used for storage. Tenants include dm and a lighting retailer. AEW was advised by the law firm of Rotthege Wassermann, the seller was supported by DLA Piper and BNP Paribas Real Estate.
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