Frankfurt am Main, 07th August 2024 - Frankfurt based aam2core Holding AG has acquired the office and commercial building "Stadtfenster" at Hansastrasse 30 in Dortmund from CLS Holdings plc. The landmark building offers approximately 4,000 sqm of lettable space, consisting of generous office areas and 600 sqm for gastronomy and retail. The purchase price was not disclosed.
Originally built in the 1950s, the "Stadtfenster" has been extensively modernised and extended by two storeys. It features an architecturally striking glass facade with large glass windows that provide a stylish contrast to the rest of the exterior. It was also one of the first existing buildings in Germany to receive DGNB certification.
Sustainable features of the “Stadtfenster” include a photovoltaic system, state-of-the-art lighting control systems and innovative night ventilation for air conditioning. The preferred use of renewable building materials will contribute significantly to reducing energy consumption and CO2 emissions.
aam2core Holding AG plans to further optimise the building's technology and implement sustainable facility management strategies as well as green lease agreements with tenants.
Alexander Jockel, Associate Director - Commercial Investments at aam2core, is enthusiastic: "With this acquisition we continue our strategy of investing in emerging property markets. We aim to unlock the full potential of the property and increase its value through specific measures. The ‘Stadtfenster’ is an excellent example of successful development within an existing structure. This will be one of the key challenges of the future.”
The "Stadtfenster” is centrally located in Dortmund's city centre, just a few minutes’ walk from the main railway station and several public transport stops.
The transaction was exclusively advised by Brockhoff.
About aam2core Holding AG
aam2core is a real estate investment manager for residential, office and logistics / light industrial properties for institutional and non-institutional investors. Its subsidiary, aam2core Service GmbH - a BaFin-registered capital management company - acquires and manages office properties for (semi-)professional investors via direct mandates and seven specialized fund solutions. The company manages a total of EUR 3.4 billion in assets with a total area of 1.675 million sqm, serviced by approximately 90 employees. aam2core invests in Germany and Austria. The company is headquartered in Frankfurt am Main with offices in Berlin, Bad Homburg, Düsseldorf, Grünwald and Leipzig. The Management Board of aam2core Holding AG consists of Jens Ebert, Stefan de Greiff, and Michael Schleich.
About CLS Germany CLS Germany GmbH is part of CLS Holdings plc.
CLS Holdings plc is a real estate investor that invests in high-quality office buildings with stable cash flows in major European cities. Through its investments in modern and sustainable office space and an active asset management approach, CLS creates consistent, long-term value and steady capital appreciation. The company emphasises a deep understanding of its tenants’ business ambitions, an agile corporate culture and a long-term management focus. CLS’ portfolio in the UK, Germany and France comprises assets worth approximately €2.4 billion, of which the German portfolio accounts for around €1 billion (as of 31 December 2023). CLS has over 700 tenants including leading blue chip companies and the public sector. The company has been listed on the main market of the London Stock Exchange since 1994.
PRESS RELEASE
August 7th 2024
Süheda Zock
Marketing Manager
aam2core Holding AG
069 8740 34 868