Germany-based HIH Invest Real Estate (HIH Invest) has acquired an office building in Osnabrück, Lower Saxony, in a sale and leaseback deal.
The seller of the building in Albert-Einstein-Strasse 2 is pbr Planungsbüro Rohling AG (pbr AG). It has leased back its headquarters via a triple-net lease for 15 years.
The DGNB platinum-certified property, built in 2014, has more than 3,200 square meters of rental space over three floors. It is in the residential and science park in the Westerberg district.
There are also 90 parking spaces and five charging stations for electric cars, each with two charging points. A photovoltaic system on the roof covers almost the entire electricity consumption of the building.
Daniel Asmus, Team Leader Transaction Management Office Germany HIH invest, says, “The long-term lease with an option to extend for two five-year periods brings us stable and value-secured rental income. At the time, pbr AG not only designed the building to meet their needs and requirements as a company headquarters, but also planned it with such far-sightedness that the property is also excellently suitable for third parties and can also be used by several tenants.”
The property was acquired for the special Alternative Investment Fund, Deutschland Selektiv Immobilien Invest II. The focus is on energy-efficient office properties in attractive locations in German growth cities and in the top seven locations.
Osnabrück office building shows the potential in C-cities
“The purchase in Osnabrück shows the potential that can be found in C-cities. The office market in the university town of Osnabrück has very good fundamentals, especially low vacancies and constant excess demand. In recent years, construction has been very demand-oriented and not very speculative,” explains Daniel Asmus.
The university and college as well as numerous innovative and technology-oriented companies are located in the area. The main train station can be reached in 10 minutes by car, Münster-Osnabrück Airport in 30 minutes.
Baker Tilly carried out the legal and tax audit of the purchase, while Drees & Sommer carried out the technical due diligence. Lütgen Breiholdt Immobilien worked as a broker.
