Overview
Düsseldorf/Cologne, 11 November 2020 – McDermott Will & Emery has advised a private investor group represented by the Cologne-based family office Tresono on the sale of three historic office buildings in the up-and-coming Cologne district of Mülheim to the German-American real estate group Jamestown.
Built between 1890 and 1914, the buildings at Schanzenstraße 22, 24 and 28 offer an attractive mix of post-industrial architecture with red brick facades, white panels, high ceilings and large windows on a rentable area of around 34,500 square metres. Tenants include two universities and various multimedia and entertainment companies, including the television production company Brainpool TV and Radio Cologne. In recent years, the former industrial quarter of Mülheim has developed into a lively area that attracts companies looking for loft-like office space with industrial charm. Jamestown acquired the fully let properties, which will generate rental income of around 4.6 million euros in 2020.
McDermott and the family office TRESONO have been working together since 2019, and contact was established through the head of the real estate practice group, Dr. Jens Ortmanns.
The McDermott team was led by Dr. Jens Ortmanns and Dr. Pierre-André Brandt and included Dr. Heiko Kermer, Marcus Fischer, Dr. Alexa Ningelgen, Renate Prinz; Associates: Dr. Mara Sonnenberg, Johanna Leitzke-Schmid, Mirjam Büsch, Lene Niemeier, Carina Kant
About McDermott
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With 21 locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.
