THOMAS DAILY

Property Investment News Germany

Cologne: Aurelis preparing sites for new office buildings

Demolition work has begun on the approximately 50,000 sqm freight transportation area on the Deutzer Feld in Cologne. The owner of the area on Gummersbacher Strasse is Aurelis Real Estate GmbH & Co. KG. Demolition of the former freight dispatching hall and an industrial building is to begin immediately with completion of the work slated for the end of August. Up to four sites for office buildings can be developed there and a gross floor space of up to 95,000 sqm is possible. Aurelis reports that negotiations are being conducted with potential investors. The locations have a direct connection both to the A 3 autobahn and to public transportation via the ICE station at Cologne-Deutz and the future commuter railway station Deutzer Feld. A legally binding zoning plan has already been issued.

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