The Commercial Property Krefeld (visualised here) is our second investment in Krefeld's city centre. It is situated in a prime location directly opposite our already fully let City Colonaden Krefeld. The old building, which is no longer usable, is currently being demolished to make way for a mixed-use building, mainly consisting of offices and services. An anchor tenant was already secured in September 2021. A large company in the telecommunications industry has rented large parts of the space of the upper floor levels, to be used for customer care and operations. In December last year, the health insurance group AOK signed a long-term lease contract for a significant part of the ground floor space.

The total investment for the Krefeld commercial building will amount to around € 28 million. The development time until completion of the new building is estimated at 30 to 36 months.