Commerz Real sells Düsseldorf office property “Speditionstraße 15” to Centrum Group
Commerz Real has sold the Düsseldorf office property “Speditionstraße 15” from the portfolio of its open-ended real estate fund Hausinvest to the Düsseldorf-based Centrum Group. The off-market transaction led to sales proceeds of 31.8 million euros. Acquired from the insurer Generali Versicherung in 2019 as part of the so-called “Millennium Portfolio”, which comprised 50 properties, according to Commerz Real the building no longer ranked among the strategic properties in the portfolio.
In this manner we are freeing up capacities in our asset management, which we can better deploy in other properties which correlate more closely with the fund strategy.
Mario Schüttauf, Hausinvest fund manager
Constructed in the year 2000, the eight-storey waterfront building in the ‘media port’ sub-market has a lettable area of 6,900 square metres, of which merely a little more than one third is leased out at present. Thanks to the sale the occupancy quota of Hausinvest has increased by 0.1 percentage points to 93.9 per cent.