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

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  1. 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
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  2. 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
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KGAL sells Telekom headquarters with around 81,000 sqm on behalf of South Korean institutional investors

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

 


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