The property at Gaedestraße 9 in the south of Cologne was developed by Bauwens Development and Swiss Life Asset Managers in Germany as a joint venture and completed in mid-2025. The joint transaction to IMAXXAM was carried out as an asset deal.
The completely renovated property in Ungererstraße has around 8,215 square metres of rental space spread over six floors and 101 underground parking spaces. The seller of the property is a closed-end mutual fund of Real I.S. The transaction was structured as an asset deal.