Press release

Deal Announcement Duisburg

  • Modern Grade A Office Complex
  • Built 2004 / 2007
  • Central City Location
  • 100% Occupancy
  • 65% let to two Anchor Tenants until 2026
  • WALT of 7.5 Years
  • Gross Yield of 6.67%
  • Expected CoC >8.5%

–KEY DATA–

Location Business Center Ruhrort and Medical Center Ruhrort 47119 Duisburg,
Germany.
Completion BCR: 2004 / MCR: 2007
Renovated 2011
Lettable Area 12’336m2 (BCR: 5’170m2 / MCR: 7’166m2)
Plot Size 5’500m2
Purchase Price € 23’300’000
Major Tenants Gesundheitsamt / Health Department
Imperial Logistics International

THE PROPERTY

The deal consists out of three properties – the Business Center Ruhrort (BCR), the Medical CenterRuhrort (MCR) and the Parking Garage. The BCR is leased to 80% by Imperial Shipping Holding International, a German shipping company with an annual turnover of over €1.2Bio worldwide in over 170 locations. The rest of the offices in BCR are rented out to Prisma Consult GmbH (Resource Efficiency Consulting). In 2011 the Health Department Duisburg moved to the MCR, which was hitherto refurbished to its needs, and leased the 54% of the total rental space on a new 15 year contract. The rest of the property is let to private doctors, medical services companies and Physio therapist which ensure the property to be known as a prominent medical centre in Duisburg. The modern properties are beautifully constructed and allow for a very flexible floor space do to its numerous stairwell and elevator shafts. Besides the 97 underground parking spaces, an adjacent parking structure with 177 parking spaces is included in the sale, as a partownership