News & Insights

News | Real Estate

20/07/2022

KGAL sells Telekom headquarters with around 81,000 sqm on behalf of South Korean institutional investors

Telekom Zentrale

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.

For use of images, please quote KGAL GmbH & Co. KG.

Preview image: Streit Fotografie

Country Inquiry

Please authorize yourself to gain access to the funds relevant to you.

Are you a Qualified Purchaser under the Investment Company Act of 1940?

You are a Qualified Purchaser if you qualify as one of the following:

You are a partnership, a corporation, a limited liability company or another entity (other than trusts) and

this partnership, corporation, limited liability company or other entity owns at least $5 million in Investments and is owned directly or indirectly by two or more natural persons who are related as siblings or spouses (including former spouses), or direct descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or
you acting for your own account or the accounts of other “qualified purchasers” and own and invest in the aggregate at least $25 million in Investments; or
your beneficial owners are “Qualified Purchasers”; or
you are a qualified institutional buyer, meeting the requirements of Rule 2a51-1(g) promulgated under the Investment Company Act of 1940, who has at least $25 million in discretionary Investments

You are a trust and

the trust owns at least $5 million in Investments and the trust is owned directly or indirectly by two or more natural persons who are related as siblings or spouses (including former spouses), or direct descendants by birth or adoption, spouses of such persons, the estates of such persons, or foundations, charitable organizations, or trusts established by or for the benefit of such persons; or
trust was not formed for the purpose of acquiring the limited partnership interests of any fund mentioned on this website and the trustee or other person authorized to make decisions with respect to the trust, and each settlor or other person who has contributed assets to the trust, is a person described in a. or b. (i) above or in b. (iii) or c. below; or
you are acting for your own account or the accounts of other “Qualified Purchasers” and own and invest in the aggregate at least $25 million in Investments.

You are a natural person and

you act for your own account and own at least $5 million in Investments (including joint Investments with your spouse) or
you act for your own account or for the accounts of other “Qualified Purchasers” and own and invest in the aggregate at least $25 million in Investments.

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.