The EPISO 5 fund, managed by Tristan Capital Partners, in cooperation with Silverton Group, has successfully sold an office property located at Otto-Hahn-Straße 10 in Meerbusch to a US private investor. The exact purchase price was not disclosed. The property, built in 2006 on a plot of approximately 3,900 square metres, offers a total leasable area of around 3,100 square metres.
At the beginning of the seller's holding period, the occupancy rate of the property was approximately 33 per cent. At the time of sale, a full occupancy rate of 100 per cent was achieved. The property is currently leased long-term to four creditworthy tenants. The weighted average unexpired lease term (WALT) is around ten years. Features include 64 outdoor parking spaces and 19 underground parking spaces, which include electric charging stations.
Value Creation Through Active Management
Sebastian Steinert, a member of Silverton's management board, commented that the closing of the transaction confirms the continued demand for high-quality and sustainably oriented office properties with long-term secured cash flows, even in the current market environment. Mehmet Cinkilinc, Senior Real Estate Manager at Silverton, added that active asset management combined with effective leasing management is the essential basis for value creation, even in seemingly peripheral locations.
In addition to its tenant structure, the office building is characterised by modern fittings and a contemporary sustainability concept. It features concrete core activation for efficient cooling and a modern gas condensing boiler. Continuously installed LED lighting further optimises energy consumption. The property is certified BREEAM In-Use with a “Good” rating.
Transaction Parties and Advisors
The seller mandated rheinwert immobilien gmbh from Düsseldorf to conduct a structured marketing process. The market activity led to several reliable purchase offers and a swift conclusion of the transaction. Legal advice for the seller was provided by Dentons, and tax advice by PwC.
- —Buyer's representation and advice: Blackbear Real Estate
- —Buyer's legal advice: Weimer & Partner Rechtsanwälte PartG mbB
- —Buyer's technical advice: Rekowski Dornscheidt Architekten PartmbB
- —Buyer's tax advice: ECOVIS KSO Steuerberater + Rechtsanwälte GmbH & Co. KG (all Düsseldorf)
