La Française collective real estate investment vehicle acquires Cologne-based asset

A La Française collective real estate investment vehicle, represented by La Française Real Estate Managers, has acquired a mixed-use property in Cologne, Germany from Primus Siebte ImmoInvest GmbH, a group-member company of the project developer WvM Immobilien + Projektentwicklung.

The property is located at 310-316 Venloer Str. in the Ehrenfeld submarket, a strong retail location in the greater Cologne area, which is the most important economic center within the North Rhine-Westphalia region. With the Venloer Str. metro station just 170 meters away, the asset is ideally situated and easily accessible.

The three-storey mixed-use property, built in 1965 and fully refurbished as of mid-year 2020, offers 30 meters of storefront, 2 824 m² of retail space, 790 m² of office space, 482 m² of storage space and 63 indoor parking spaces (basement level).

The property is fully let to three tenants: a food retailer (Rewe Markt GmbH), a drugstore (DM-Drogerie Markt GmbH + Co. KG) and a co-working supplier (Unicorn Workspaces).

Jens Goettler, Managing Director of La Française Real Estate Managers - Germany said, “Located in a very vibrant and densely populated part of Cologne City, this storefront property, given its unique visibility and access to foot traffic, should offer a stable and secure income to the fund and benefit from demographic changes within the area.”

La Française Real Estate Managers was advised by Clifford Chance Deutschland LLP on legal aspects and by TA Europe Real Estate GmbH on technical Due Diligence.  The asset was introduced by JLL.

Contacts La Française

La Française:

Caroline Babouillard: + 33 1 44 56 10 27 | cbabouillard@la-francaise.com

Debbie Marty: +33 1 44 56 42 24 | debmarty@la-francaise.com

Disclaimer:

Promotional document. THIS DOCUMENT IS INTENDED FOR PROFESSIONAL INVESTORS AS DEFINED BY MIFID. The information and material provided herein does not in any case represent advice, an offer, a solicitation or a recommendation to invest in specific investments.

Issued by La Française AM Finance Services, home office 128 boulevard Raspail, 75006 Paris, France, regulated by the “Autorité de Contrôle Prudentiel et de Résolution” as investment services provider under the number 18673 X, affiliate of La Française. Internet information for the regulatory authorities Autorité de Contrôle Prudentiel et de Résolution www.acpr.banque-france.fr, Autorité des Marchés Financiers www.amf-france.org, Financial Conduct Authority (FCA) www.fca.org.uk, Bundesanstalt für Finanzdienstleistungsaufsicht www.bafin.de

La Française Real Estate Managers, approved by the “Autorité des Marchés Financiers” under N GP07000038 on June 26th 2007, approval (i.e. the Carte professionnelle) granted by the Paris Ile-de-France “Chambre du Commerce & de l’Industrie” under CPI N 7501 2016000 006 443 – Transactions on Buildings and Business Assets and Real Estate Management and AIFM authorisation under Directive 2011/61/EU on June 24, 2014.

La Francaise Group UK Ltd – Registered in England No: 4253400. La Francaise Group UK Finance Ltd – Registered in England 4717154, authorised and regulated by the Financial Conduct Authority (FCA number: 225360) - Registered office: 78 Brook Street, London, W1K 5EF. These businesses are individually and collectively trading as ‘La Francaise Real Estate Managers’ ; LF Real Estate Managers Germany Deutsche Zweigniederlassung der La Francaise Group UK Ltd - Registered in Germany No: HRB 79216 is subject to limited regulation by the Bundesanstalt für Finanzdienstleistungsaufsicht - Registered office: Neue Mainzer Str. 80, 60311 Frankfurt am Main.