The City of Cologne has concluded a long-term lease agreement for a property at Industriestraße 133 in Cologne. The owner and landlord is a subsidiary of OSMAB Holding AG. Colliers acted as an intermediary in the leasing.
The property comprises a total of around 13,929 square metres of rental space, of which 11,399 square metres are warehouse space and 2,530 square metres of office space. The city of Cologne will use the location for the operation of its municipal building yard in the future.
The previous building yard location on Widdersdorfer Straße had to be abandoned, so that a suitable succession solution was required at short notice. With the property at Industriestraße 133, an optimally connected location in the south of Cologne could be found that fully meets the requirements of the company.
"We are pleased to have gained a reliable and important tenant in the City of Cologne. The long-term use by the public sector underlines the attractiveness of the location and the quality of our properties," says Dennis Knecht, Head of Sales at OSMAB.
"By leasing to the City of Cologne, a sustainable solution has been created for the operation of the building yard and at the same time the continuity of the location in the city area has been guaranteed," adds Martin Kubitza, Head of Industrial & Logistics NRW at Colliers in Cologne.
The successful brokerage illustrates the continuing high demand for suitable commercial and logistics space in the Cologne area, especially by municipalities with long-term space requirements.
