Following a structured bidding process, the project company of Stefan Frey AG and CONVALOR has sold the EhrenWert office development in the Ehrenfeld district of Cologne to the Arminius Group, an investment manager specializing in sustainable commercial real estate, as part of a forward deal. Construction of the new building complex on Grüner Weg opposite the Heliosschule, which is also under construction, is still about a year away.
The office building has around 10,000 sqm of leasable space with modern floor plans and flexible space divisibility, as well as more than 120 parking spaces. The property is expected to be fully occupied by the Cologne Main Customs Office by the end of 2021, with which the project company has concluded a long-term lease agreement.
We would like to thank all those involved who have supported us in an advisory capacity during this exciting time.