DEUTSCHE BANK ESSEN

deutsche-bank-essen-
Bismarckpl. 1, 45128 Essen, Germany
Year acquired 2012
Acquisition price 28m Euros
Size (sqm) 18,600
Year sold 2017
Sale price 34.5m Euros
IRR 16.3%

DESCRIPTION

Originally built in 1892 and fully reconstructed in 2009/2010 for Deutsche Bank, with a LEED gold certification. Centrally located in the inner city of Essen opposite the central railway station and close to office buildings of other prominent companies.

 

MACRO

Located centrally in the Ruhr area in North Rhine-Westphalia and 9th most populous German city. Home to 13 of the 100 largest German corporations and seat to several of the region’s authorities

 

TENANT INFORMATION

Germany’s leading international bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. Listed on the Frankfurt stock exchange and NYSE with a market capitalization of €32bn. It has credit ratings of A3, A and A+ from Moody’s, S&P and Fitch respectively.