has bought the One Cologne office building in Germany from Development Partner and Patron Capital.
The real estate asset manager said it bought the fully-let 15,600sqm asset located at Venloer Stra脽e 151-153 in the centre of Cologne for an undisclosed sum.
Gereon Kohlgr眉ber, managing director and head of investment Germany at AEW, said: 鈥淥ne Cologne is a prime acquisition that is well located in a dynamic market with rising demand for modern office space.
鈥淭he strong tenant covenants, delivering long-term, bond-like secured rental income, and the quality of the property following its recent refurbishment is directly in line with the strategy of the mandate.鈥�
