DWELL RE in collaboration with Bluerock Group successfully closed this transaction for a group of our investors

Duisburg, North Rhine-Westphalia, Germany
  • $ 25,000,000

Description

INVESTMENT HIGHLIGHTS:
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%

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

Details

Land Area
5500
Updated on July 21, 2020 at 12:53 pm

Address

  • Address Business Center Ruhrort and Medical Center Ruhrort
  • City Duisburg
  • Zip/Postal Code 47119
  • Country Germany

Contact Information

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