Returns Plus - Income Producing Investment

Company Incorporation Date:                     May 2010

Investment Term:                                           Unlimited         

Projected Exit date:                                        Exit opportunity after 3 years

Investment Rational:                                      Income Generation and Capital appreciation

 

Koelnische Strasse 13-15, Kassel, Germany

This property is a bank branch and a prime location office development located in the centre of Kassel.  It is principally let to Deutsche Bank and KKH Allianz, a national health insurer.  

Property Location

  • Kassel is a central German city in the federal state of Hessen in Western Central Germany, which also has Frankfurt and state capital Wiesbaden as cities.
  • Hessen is growing economically and has a very busy centre in which the property is located. Kassel is a flourishing town with a population of 200,000.
  • The property is located on Kölnische Strasse which is 300 yards from the recognized A-location retail zone of Kassel and equidistant from the local commuter station.  Kölnische Strasse is situated at the heart of the banking district.

Kassel

  • The city of Kassel is the “Oberzentrum” (i.e. serving the adjoining municipalities with high-order commodities and services as well as with middle- and low-order goods) of the economic region North-Hesse.
  • An excellent investment location in the center of Germany at the point of intersection of the most important main traffic arteries (A49/A44), of the railway network of the Deutsche Bahn and the airport Kassel-Calden.
  • Well known enterprises, as e.g. VW, Bombardier, Daimler, Eurocopter, Hübner and many others have chosen the economic region of Kassel due to its centrality.
  • The Industry Park Kassel and the Technology Park Marbachshöhe are well-known nationwide.
  • Also the university of Kassel and other well known innovative and research institutes are located in Kassel and provide for the formation of excellent experts.

Lettable area:  2,456m², over 4 floors plus basement

Tenancy

Deutsche Bank AG is the anchor tenant, contributing almost half of the rental income to the property.  They have occupied this location as their headquarters for over 60 years.  Other tenants include Allian- KKH (Germany’s 4th largest healthcare insurance provider), InBit Gmbh (a former Siemens-Nixdorf company), VDEF ( a training and education body for the rail industry) and AGM (an IT service provider with 5 locations in Germany and offices in Austria and China)