A Cologne-based family office has acquired the fully let commercial property at Dieselstraße 18–24 in Cologne-Lövenich. Angermann NRW GmbH held the exclusive sales mandate and handled the transaction entirely off-market.
Photo: Angermann NRW GmbH
The seller is a privately held company. At the client's request, the property was sold without public marketing and without a broad bidding process. Signing and closing have taken place; the parties agreed not to disclose the purchase price.
The fully let property offers approx. 4,500 m² of lettable space, including approx. 985 m² of office and ancillary space. The majority consists of hall, storage and workshop space. The asset is located in the Lövenich commercial area in the west of Cologne and is classified as a value-add investment.
"Light-industrial commercial properties with value-creation potential in established locations remain in short supply – and a scarce product doesn't need to be taken to the open market. For an asset of this size, it is not the number of bidders that matters, but the reliability of the buyer. That is why we followed our client's wish and executed the sale discreetly and in a highly targeted way through our network: fast, secure and without detours," says Patrick Sohns, Managing Partner of Angermann NRW GmbH.
Angermann NRW GmbH, based in Cologne, is part of the nationwide Angermann Real Estate Group and one of the leading commercial real estate advisors in North Rhine-Westphalia. Across office leasing, industrial & logistics and investment, the team of around 20 supports tenants, owners and investors — with the speed of an owner-managed firm and the backing of a nationwide group founded in 1953. What sets Angermann NRW apart is the combination of owner relationships built over decades, in-house asset management and investment experience, and consistently digitalised sales work.