Mubasher: Investcorp has purchased KO Campus, located in Eschborn, Germany from Cilon AG for approximately EUR 86 million, according to an official statement.
The newly renovated KO Campus consists of three office modern buildings in the commercial area of Eschborn, Germany, part of the Frankfurt Rhein-Main urban area.
“KO Campus features high quality and recently renovated office buildings, state-of-the-art research and development, data and design centres, a restaurant and conference rooms,” according to the statement.
This takeover transaction is Investcorp’s second real estate investment in Germany.
In April 2018, Investcorp announced its first real estate deal in German. In cooperation with Continuum Capital Investment Management GmbH, Investcorp acquired the Bürocampus Wangen based in Stuttgart, Germany.
Both investments are part of Investcorp’s broader pan-European real estate strategy, following its initial focus on UK industrial and logistics assets.
“This acquisition forms an exciting addition to our diversified portfolio of prime assets, and we believe that we are well-positioned to add value to this investment. With a solid buy-and-build strategy in place, we believe we are on the right track to continue to identify opportunities in the sector,” Co-CEO of Investcorp, Hazem Ben-Gacem, said.