Colliers and Brockhoff advised on the successful sale of a centrally located office and commercial building in Immermannstraße in Düsseldorf. Colliers advised the seller on the transaction. Brockhoff advised the buyer. The identity of the parties involved and the purchase price were not disclosed. Both buyer and seller are locally active family offices.
The building ensemble, which was built in 1962 and modernised in 1987 and 2007, is located on a plot of around 2,052 square metres in the heart of Düsseldorf's popular Japanese Quarter. The property comprises a total usable area of approx. 6,693 square metres, of which around 4,093 square metres are office space and approx. 2,600 square metres are retail space on the ground floor. In addition, the property has 35 underground parking spaces.
"Immermannstraße is one of the liveliest and most promising locations in Düsseldorf's city centre. The combination of first-class connections, an established micro-location and a wide range of repositioning options – from modern office refurbishment to commercial residential concepts – makes this property an attractive investment," says Karim Klingberg, Head of Capital Markets at Colliers in Düsseldorf. "We are very pleased with the successful completion of this off-market transaction, which underlines the continued high level of interest in value-creating inner-city assets in Düsseldorf."
Jörg Langensiepen, Managing Director of Brockhoff, adds: "The considerable development potential of this property in an excellent location was a key factor in the investment decision. We are pleased to have once again successfully supported our long-standing client in expanding its real estate portfolio and to have completed this transaction."
