Düsseldorf-Flingern: Savills advises on a successful sale

16 May 2018

An asset manager from Mannheim has sold a commercial property in Düsseldorf-Flingern to an investor from Berlin. The 10,000 sq m office building is situated at Erkrather Straße 345-349 and offers potential for further development. The anchor tenants are the City of Düsseldorf and the Institute for Federal Real Estate (BImA). Global real estate services provider Savills advised the vendor TBR Immobilien during the sale process.

“The Flingern submarket benefits from good transport links and is current undergoing major change. A number of new developments and refurbishments are driving a repositioning of the area,” says Stefan Mellies, Director of Investment for Savills in Düsseldorf. “The new owner is, therefore, investing in an emerging district of Düsseldorf and will benefit from the loyalty of the tenants to the property, which include two reliable anchor tenants.”

 
 

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Key Contacts

Stefan Mellies

Stefan Mellies

Director
Investment

Dusseldorf

+49 211 22 962 221