german sitr

Henley360 has acquired a site in Essen, north-west Germany, for €50m (£37.5m) – its second purchase in the country.

The 380,000 sq ft complex comprises of two office buildings and one mixed-use residential and office block. Current tenant Ferrostaal, will retain its headquarters on the site on a new 11 year lease.

Henley360 managing director Kevin Oppenheim said:

“We are looking to asset manage and redevelop parts of the property, while proactively managing current tenant relationships,”

Henley360 was advised by Mayfield Property Management.