Real estate asset manager AEW has bought a mixed-use building in Germany from Indigo Invest.
The office building was sold in an undisclosed amount. The mixed-use office building at Neumarkt in Cologne is 8,200 square meters. The property was acquired on behalf of the City Office Germany Fund.
The Fund aims at office properties with the potential to create value in the top six cities of Germany.
Matthieu Samaran, a director of AEW’s Düsseldorf investment team, said: “The prominent location of NovoM in the “Domstadt” makes this an attractive investment.
He added, “Furthermore, the balanced multi tenant structure of the asset, flexible floor plans and high quality space are aligned to the investment criteria for this fund.”
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