Repositioning of an income-producing Grade A office park – comprising seven assets and 116,000 square meters - through lease renewals and extensions
Technologiepark Köln comprises, at the time of acquisition, a 97% leased, seven building, approx. 116,000 square meters Class A, office park located in Cologne. The assets were acquired from a distressed seller.
Cologne is Germany’s fourth largest town with a stable occupier market and a positive rent outlook.
The business plan is to reposition the portfolio through lease renewals and extensions of in- place leases in the context of a supply-starved regional office market.