Düsseldorf: Office building on Hans-Böckler-Straße sold again

08/07/2019

Cells Property Investors has acquired a core plus property at Hans-Böckler-Straße 38, in Düsseldorf’s Kennedydamm submarket, on behalf of an institutional investor. Market insiders report that this is a share deal with a purchase price of around €40mn. The seller of the approx. 12,000 sqm office property is reputed to be the joint venture of Ares and Barings, which bought the property in November 2017 as part of the “Kettcar” portfolio. The seller was advised exclusively by Savills.


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