Double rental success for office property Kranhaus 1 in Cologne’s Rheinauhafen

Leasing | 2023-05-09

Deka Immobilien has achieved a dual letting success for the office property Kranhaus 1 situated in Cologne’s Rheinauhafen (Im Zollhafen 18). The existing tenant, Rödl & Partner GmbH, has prolonged its tenancy for 2,589 sqm of office space until 30 September 2033, and has additionally leased the uppermost 14th floor.

Constructed in 2008, Kranhaus 1 is situated in Rheinauhafen, which is one of Cologne’s most highly coveted office locations, and is recognised for its direct location on the Rhine, diverse architecture and top-notch tenant mix. It offers a lettable area of over 17,000 sqm with premium office space as well as a fine dining option on the ground level.

Together with the two adjacent “Kranhaus 1 & 2”, it establishes an urban-scape-defining ensemble and has rapidly evolved into an icon of the Rhine metropolis, as it simultaneously acknowledges the location’s history as a contemporary architectural masterpiece. An abundance of restaurants, cafes, bakeries, and retail stores have been opened in the immediate vicinity. The property holds the DGNB Silver Seal certification for sustainable construction.

Deka Immobilien procured the prominent office property for the real estate assets of the open-ended real estate fund WestInvest InterSelect at the beginning of 2022. In 2010, Deka Immobilien had already acquired Kranhaus Süd for the open-ended real estate fund Deka-ImmobilienGlobal.