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News

27.04.2015

GSK advises Fay Projects on the sale of an office building located at Cologne’s Waidmarkt

GSK Stockmann + Kollegen advised Fay Group on the sale of an office building located at Blaubach 1 to a company of R+V-Insurance Group.

The property is part of an urban district development of Cologne’s Waidmarkt. Apart from the recently sold office building Fay Group developed a Motel One Hotel, an Adagio Aparthotel, a REWE Supermarket, 90 apartments as well as a building used by the City of Cologne as extension to the neighbouring grammar school located on the area of the former police headquarters.

The 6-floor office building sold to R+V offers a total floor space of approx. 9,000 sqm and 119 parking spaces and is at present almost fully rented. The building contains a mixture of tenants, i.e. retail and restaurants on the ground floor and offices on the upper floors.

GSK comprehensively advised Fay on the structuring and development of the district as well as on the sales.


Advisors Fay Projects:
GSK Stockmann + Kollegen: Dr. Olaf Schmechel, Dr. Enno Stange (both Real Estate)

The deal news is available as download.

Contact at GSK Stockmann + Kollegen:
Dr. Olaf Schmechel