Cologne: Siemens rents 10,500 sqm in “I/D Cologne”
Siemens will be moving to the “I/D Cologne” quarter in Cologne’s Mülheim district. Art-Invest Real Estate and Osmab have reached an agreement with the conglomerate on a long-term lease involving 10,500 sqm in the “Haus am Platz” building. The tenant was advised by BNP Paribas Real Estate. It is planned for the almost 1,000 employees of the Building Technologies, Digital Factory, Energy Management and Process Industries and Drives divisions to be relocated from the Cologne branch on Franz-Geuer-Straße to the new location on Schanzenstraße in the 4th quarter of 2020. Construction has already begun on the first two phases of the quarter, which will have 38,000 GFA.
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