Commerz Real leases out 21,000 square metres in Düsseldorf to Telefónica Deutschland
Commerz Real has leased out approx. 21,000 square metres of office space in the former E-Plus corporate headquarters in Düsseldorf to Telefónica Deutschland for ten years. The owner of the property is the Commerz Real CFB-Fonds 173. Telefónica and what had previously been the independent mobile telephony company E-Plus have been tenants in the property since 2009. Under the lease agreement – which commences as of June 2019 – Telefónica Deutschland is reducing its office space at the Düsseldorf Airport site by about one third and is adopting a modern space concept which is intended to allow for more mobile and more flexible working thanks to so-called desk-sharing. Commerz Real plans to lease out the remaining approx. 9,000 square metres in the framework of a multi-tenant concept in the near future and to this end is being advised by Jones Lang LaSalle.