The inner-city quarter “Gerling Garden” in Cologne is receiving financing from Deutsche Hypo – NORD/LB Real Estate Finance. The beneficiary of the financing is the open-ended real estate fund Deka-ImmobilienEuropa. The property, strategically located in the Gereonsviertel of Cologne's Old Town North, on the northwestern edge of the city's Central Business District, is characterised by its mixed use and its micro-local significance.
The “Gerling Garden” ensemble comprises a total usable area of approximately 29,700 square metres. It combines various real estate segments and has undergone extensive revitalisation and expansion in recent years. The original buildings were constructed in the 1950s and 1960s, followed by a profound modernisation that meets current usage requirements.
Property Features and Sustainability
The quarter's composition includes high-quality office spaces, a hotel, and complementary infrastructural amenities. This mixture contributes to the attractiveness and functionality of the location. The flexibility of the usage concepts, coupled with a stable tenant structure and long-term leases, underscores the value of the property.
- —Office buildings “The Gate / The Hall” and “The Lime”
- —The 4-star hotel “The Circle” with a total of 207 rooms
- —Gastronomy, retail, fitness, and event spaces
- —An underground car park to meet parking demand
A key feature of the “Gerling Garden” is its high sustainability standards. The quarter holds BREEAM certifications in the “very good” and “excellent” categories, which demonstrates the implementation of energy-efficient building concepts. These aspects are important for the overall investment profile and its positioning in the market for sustainable properties.
Dominik Borchardt, as Transaction Manager at Deutsche Hypo – NORD/LB Real Estate Finance, commented on the transaction. He emphasised that the financing of Cologne’s “Gerling Garden” reflects the company's commitment to supporting sustainable and high-quality real estate investments in key European locations. This, he added, is consistent with the overarching goal of contributing to the energy transition.
