Barings, one of the world’s largest diversified real estate investment managers, has acquired Medienzentrum, a 15,700 sqm office building in the MedienHafen (media harbour) district of Düsseldorf, on behalf of a pan-European core strategy.
The seller is Blue Colibri Capital Partners Fund II SCA, a Luxembourg-based SICAV-SIF. The parties agreed not to disclose the purchase price.
The property located at Zollhof 11-14 / Kaistrasse 7-8 offers more than 12,000 sq m office space, along with Event and F&B accommodation.
It also features a number of terraces overlooking the harbour, as well as 337 parking lots in the underground car park. The atrium benefits from abundant natural lighting.
The eight-storey asset was built in 1995 and has since been refurbished to provide modern, attractive office space. Tenants include the Culture Office of the City of Düsseldorf, Wacom, a specialist for digital ink, as well as software company, Infor and advertising distributor, Seven.One Media.
