KGAL GmbH & Co. KG successfully sold Deutsche Telekom's global headquarters located in Bonn. The company acted both as part owner of the property and as transaction advisor to the majority owners, several South Korean institutional investors. The modern headquarters in Bonn's federal district, which were partially refurbished in 2017, are let on a long-term lease and were acquired by Art-Invest Real Estate.

"With the sale of the property, we were able to successfully conclude the engagement for our Korean partners," explains André Zücker, Managing Director Asset Class Real Estate at KGAL Investment Management GmbH & Co. KG.

The single-tenant property, built in 1995, is let 100% to Deutsche Telekom on a long-term basis.

The seller's agents were BNP Paribas Real Estate and Cushman & Wakefield. Legal advice was provided by DLA Piper UK LLP.

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Preview image: Streit Fotografie