The Dusseldorf office letting team of international real estate consultancy firm Cushman & Wakefield (C & W) has brokered the letting of 500 sqm of office space to ETHEUS Real Estate on behalf of investment manager Quest Funds. An expanding company ETHEUS Real Estate was advised by Colliers International and plans to move at the beginning of 2021.
A fund, Hesse Newman Real Estate Nr. 2 GmbH & Co. KG, is the owner of the office building in the Airport City submarket in Dusseldorf.
The office property is located at Klaus-Bungert-Street 6, has a total area of approx. 10,700 sqm and was built in 2010.
Only 500 sqm remains vacant. The main tenant of the building is Siemens. The Airport City submarket continues to be very popular with office tenants.
Quest Funds is an investment and asset manager with a focus on Core+ and Value-add commercial real estate, with an emphasis on Germany. Quest Funds offers customised investment opportunities with an attractive risk-return profile for medium to long-term capital.
ETHEUS Real Estate is a real estate company with wide-ranging competencies. This includes transaction management, project development, project management and asset management. The company is active throughout Europe with a current focus on the German market.
Cushman & Wakefield and Colliers International broker the letting of 500 sqm of office area in Airport City
08/12/2020
RECENT NEWS
Rethinking European Offices
Increasing pressure from ESG regulation, changing workplace strategies, lower occupier demand for office space and economic challenges mean that office space in Europe is increasingly threatened by obsolescence and is at risk of becoming unmarketable and therefore unlettable.
Verena Bauer • 18/12/2024
Outlook European Real Estate Market 2025
Improving economic indicators such as GDP growth and resilient labour markets, coupled with more favourable financing conditions, are set to provide positive momentum for the European real estate market in 2025, according to Cushman & Wakefield’s ’EMEA Outlook 2025’ report.
Verena Bauer • 16/12/2024
Law Firms 2024
The latest study ‘Law Firms - Trends and Leasing Behaviour 2024’ by Cushman & Wakefield shows that the sector continues to favour central, prestigious locations.
Verena Bauer • 05/12/2024
INSIGHTS
Insights
Regulation in the German Housing Market
What Investors Need to Know: Legal Framework and Current Market Trends in Leasing. A Report developed by Cushman & Wakefield and Hogan Lovells.
Jan-Bastian Knod • 26/09/2024
Residential • Investment / Capital Markets
The report ‘Micro apartments 2024: An asset class comes of age’ builds on its predecessor from 2021 and analyses the current trends, drivers and opportunities in the German market for micro-apartments.
Jan-Bastian Knod • 22/08/2024
Insights • Sustainability / ESG
Our Inclusive Cities Barometer shows the inclusivity of 44 cities in the EMEA region - including Berlin, Hamburg, Frankfurt, Munich and Cologne.