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Hans-Böckler-Strasse 36

Hans-Böckler-Strasse 36 in Düsseldorf

 

Real Estate Operations Work: acquisition, planning and marketing as single and multi-tenant building, 100% re-letting after 18 months

The property Hans-Böckler-Strasse 36 in Düsseldorf, located in the sub-market Kennedydamm, was acquired as part of a portfolio transaction by alstria office REIT-AG in 2011.

After the termination of the existing lease with the long-term tenant ERGO Insurance in December 2011 the building was structurally prepared for single and multi-tenant use.

Due to competitive pricing and the proven expertise in alstria’s Real Estate Operations a new anchor tenant could be obtained for the object. A major reason for this letting success was the trustful cooperation with the tenant and a joint planning of the rental area. The rental contract and the tenant-fit-outs were implemented by alstria’s Real Estate Operations team. The new tenant moved into the property as planned in the first quarter of 2014.

Timeline:

  • July 2011: Acquisition including a short-term lease
  • November 2011: Vacation by the tenant ERGO Insurance
  • January 2012: Start of marketing
  • June 2013: Signature of a long-term lease with the State of North Rhine-Westphalia
  • First quarter 2014: Delivery to the new tenant

 

 

Contact

Christian Fricke
Tel.: +49 (0)211 – 301 216 601
Fax.: +49 (0)211 – 301 216 615
Email: vermietung(at)alstria.de