DEUTSCHE BANK ESSEN
Year acquired | 2012 |
Acquisition price | 28m Euros |
Size (sqm) | 18,600 |
Year sold | 2017 |
Sale price | 34.5m Euros |
IRR | 16.3% |
Year acquired | 2012 |
Acquisition price | 28m Euros |
Size (sqm) | 18,600 |
Year sold | 2017 |
Sale price | 34.5m Euros |
IRR | 16.3% |
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.