Total lettable area
Type of use
Office and administration building with
- seven storeys above ground and
- 156 underground parking spaces.
It has special equipment and access for
- public town hall operations,
- a district library, offices for members of parliament and
- an adult education centre.
Location of the object:
- Approximately 4 km north of Cologne city centre, directly on Neusser Straße and the Neusser Straße/Gürtel underground station, and thus in a central location in the Cologne-Nippes administrative district.
|column 1||column 2|
|Date of sale||31st December 2020|
|Notes to the payments||This closed-end fund FHH Immobilienfonds Bezirksrathaus Köln was converted by Paribus Kapitalverwaltungsgesellschaft into a regulated alternative investment fund (AIF) subject to the rules of the new German Kapitalanlagegesetz (KAGB) at the beginning of 2021. The existing shareholders had the option to terminate their investment in this old fund (FHH Immobilienfonds Bezirksrathaus Köln) – mostly after holding it for more than 10 years – and to withdraw in return for payment of a settlement credit in the amount of the market value of their investment. The market value was determined on the basis of the average value of two appraisals for the property. This results in a significant increase in value compared to the market value recognised at the end of 2009 when the property was contributed to the predecessor fund. Alternatively, the existing investors could remain in the investment company and receive a one-time special withdrawal in the amount of their original investment. In both cases, the investors participate in the considerable increase in the value of the property. The remaining investors in the company were also offered a subscription right as part of the planned capital increase. The remaining investors made active use of this subscription right.|
|Fund and Assetmanager||Paribus Immobilien Assetmanagement GmbH|
|Investor Services||Paribus Treuhand Dienstleistung GmbH|
REAL ESTATE DATA AS OF 31 DECEMBER 2020
|column 1||column 2|
|Type of property||Office and administration building|
|Address||Neusser Strasse 450, 50733 Cologne|
|Year of construction||1999|
|Plot size||Around 7.773 m²|
Building with approx. 14.945 m² lettable area
156 parking spaces (underground car park)
|Tenant||City of Cologne|
Do you have a question about this fund? Please use the contact form and we will get back to you.