has acquired a 60-metre office tower in western Germany from the Oman Investment Authority and Die Developer Projektentwicklung.
Union Investment has paid an undisclosed sum to buy the Eclipse office tower on Kennedydamm in D眉sseldorf on behalf of its open-ended Unilmmo Deutschland real estate fund.
The Eclipse tower, situated at Georg-Glock-Stra脽e 22, is scheduled for the end of October this year. The building has 16 floors offering 27,500 sqm of rental space.
Alejandro Obermeyer, the head of DACH investment management at Union Investment, said: 鈥淭he Eclipse is a landmark building that will be competitive in the longer term. It offers modern, flexible office space and a high level of sustainability.
鈥淕iven that the supply of high-quality office space remains limited in D眉sseldorf鈥檚 premium locations, we expect prime rents to continue to rise.鈥�
Stefan M眉hling, a managing director at Die Developer Projektentwicklung, said: 鈥淲e are pleased that with Union Investment we were able to win an experienced investor for the outstanding Eclipse project, who recognised the high quality of the project development and also has the know-how as well as the substance to operate the property in a sustainable and value-enhancing manner.鈥�
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