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.
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