PATRIZIA crystallises value from c.17,000 sq m trophy office asset in Cologne

PATRIZIA AG announces that it has disposed of Kranhaus 1 to Deka Immobilien Investment GmbH.

  • Disposal of Kranhaus 1 delivers good returns for investors following 14 years of active management since development completion
  • Ownership period saw successful deployment of asset management plan with anchor tenants taking additional space

Augsburg / Cologne, 8 March 2022.PATRIZIA AG, a leading partner for global real assets, announces that it has disposed of Kranhaus 1, a prime office asset in Cologne, to Deka Immobilien Investment GmbH, on behalf of its institutional clients.  The parties agreed not to disclose the purchase price.

You can now read the full press release at the link below