The Wiesbaden property with an overall rental space of approx. 9,000 m² is located in a central inner city location at Bahnhofstraße 27-33. It is walking distance from the central station and Marktkirche and has good links to local public transport. The functional property was built in the 80s. After purchase, the property underwent extensive renovation, which included an architectural and insulation upgrade to the facade as well as significant investment in the structure, building technology and rental spaces of the property.
The six-storey existing building was acquired by Indigo Invest in August 2014. Following completion of the renovation works, the property was sold to TRIUVA Kapitalverwaltungsgesellschaft mbH in December 2016. In addition to the extensive renovation works, new leases were secured or existing leases renewed for approx. 6,200 m² during the holding period. This saw the occupancy rate increase from roughly 60% at the time of purchase to 100% at the time of sale.
|Address||Bahnhofstraße 27-33, Wiesbaden|
|Type of project||refurbishment|
|Overall rental space||8,889 m2|