Deka Immobilien News – 09 May 2023

Double rental success for office property Kranhaus 1 in Cologne's Rheinauhafen

Deka Immobilien has achieved a dual letting accomplishment for the office property Kranhaus 1 situated in Cologne's Rheinauhafen (Im Zollhafen 18). The current occupant, Rödl & Partner GmbH, has prolonged its tenancy for 2,589 m² of office area until September 30, 2033, and has additionally leased the uppermost 14th floor.

Constructed in 2008, Kranhaus 1 is situated in Rheinauhafen, which is one of Cologne's most highly coveted office locations, and is recognized for its direct location on the Rhine, diverse architecture, and top-notch tenant mix. It offers a lettable area of over 17,000 m² with premium office space as well as a fine dining option on the ground level.

Together with the two adjacent “Kranhaus 1 & 2”, it establishes an urban-scape-defining ensemble and has rapidly evolved into an icon of the Rhine metropolis as it simultaneously acknowledges the site's history as a contemporary architectural masterpiece. An abundance of restaurants, cafes, bakeries, and retail stores have settled in the immediate vicinity. The property holds the DGNB Silver Seal certification for sustainable construction.

Deka Immobilien procured the prominent office property for the real estate assets of the open real estate fund WestInvest InterSelect at the commencement of 2022. In 2010, Deka Immobilien had already acquired Kranhaus Süd for the open real estate fund Deka-ImmobilienGlobal.