BNP Paribas REIM’s Acquisition of Bremen Office Property Teerhof 59

GSK Stockmann advised BNP Paribas REIM.

BNP Paribas Real Estate Investment Management (REIM) Germany has acquired an office property in Bremen for its French real estate fund, Opus Real.

Originally designed over ten years ago as headquarters for a shipping line, Teerhof 59 is situated on a peninsula between the city’s old and new districts and enjoys excellent visibility. The property lends a distinct accent to Bremen’s city landscape and offers views of the water and the old town from both sides of the building that cannot be obstructed in the future. The easily accessible location is understandably popular with office tenants and the building is currently fully let.

The office property was completed in 2009 and encompasses over 17,000m² in gross floor area. The property offers over 9,000m² of G+8 rental space including an underground car park with 90 parking spaces. The building’s cavity walls featuring clinker and facing brick carry on the northern German Hanseatic architectural tradition while adding a modern twist. The property was even presented an award by the Bremen offices of the Association of German Architects (BDA) for its architecture in 2010. The interior of the building was redesigned after the original tenant vacated the premises in 2011 to enable multi-tenant use. Current tenants include an energy company and an office space provider.

BNP Paribas Real Estate Investment Management operates as a real estate investment management company.

The GSK Stockmann team was led by Monique Franke (Picture) and included Dominik Berka, Katharina Groche and Helena Ogbai.

Involved fees earner: Dominik Berka – Gsk Stockmann; Monique Franke – Gsk Stockmann; Katharina Groche – Gsk Stockmann; Helena Ogbai – Gsk Stockmann;

Law Firms: Gsk Stockmann;

Clients: Bnp Paribas REIM;