DGAP-News

Montano Real Estate GmbH: Montano acquires Duisburg Central Office from Aurelis on its own balance sheet

DGAP-News: Montano Real Estate GmbH / Key word(s): Miscellaneous Montano Real Estate GmbH: Montano acquires Duisburg Central Office from Aurelis on its own balance sheet 10.03.2022 / 08:00 The issuer is solely responsible for the content of this announcement. Montano acquires Duisburg Central Office from Aurelis on its own balance sheet

• Core property in central location at Duisburg Central Station
• Transaction volume in the high double-digit million euro range

Munich, 10 March 2022 - Montano Real Estate GmbH (Montano), an independent investment specialist for German commercial real estate, has acquired the Duisburg Central Office (DCO) in Quartier 1 as a forward deal from Aurelis Real Estate. The transaction volume is in the high double-digit million euro range.

Aurelis plans to complete the building by the fourth quarter of 2022. By then, a five-storey property with a lettable area of around 11,400 square meters and around 50 own underground parking spaces will be built. The property is already fully let on a long-term lease to the financial services provider Consors Finanz, a subsidiary of BNP Paribas Bank.

"We are very pleased to have been able to acquire this high-calibre property as our first own property on the Montano balance sheet. Increasing our own investment portfolio and directly participating in promising investments is a step into a new dimension for us," said Montano founder and Managing Partner Ramin Rabeian.

The DCO is located in the immediate vicinity of Duisburg's main railway station and the city centre and has good public transport and motorway connections. The A-shaped building is divided into a western and an eastern section, which are connected to each other via a glass-scaled access core. The entrance area is characterised by a generous glass construction, while the two parts of the building are distinguished by floor-to-ceiling windows and a complete clinker facade. The office spaces are predominantly designed as open-plan offices and, in addition to cavity floors, offer an efficient ventilation system and heated/cooling ceiling sails. The property is aiming for the DGNB sustainability certificate with at least a gold rating.