Coeur Cologne had a considerable impact on the urban development of the area and stands out as a highly representative entrance into the Cologne´s central submarket.
A plot comprising several buildings was in desperate need of rejuvenation. The properties on the site were both obsolete and energy inefficient.
Allianz Real Estate decided to start a €50 million renovation project to create a modern, sustainably operated office asset. Reborn as Coeur Cologne the building boasts a 20-metre high lobby and a planted Skygarden. which offers unparalleled views to the center of Cologne including the world-famous cathedral.
Environmental concerns were central to the redevelopment in that only low-carbon materials have been used while its energy is derived from 100% renewable sources; the heating and cooling ensures a user-friendly indoor climate while the architectural concept of the building ensures as much natural light as possible into all floors.
The combination of innovation and sustainability, and the focus on user well-being, marks the asset as a great example of Allianz Real Estate’s future-focused offices – one that really meets the needs of both our clients and our tenants.
The asset was 100% pre-let more than a year prior to completion. It has also been Gold-certified by the German Council for Sustainable Buildings. Finally, Coeur Cologne has had a considerable impact on the urban development of the area and stands out as a highly representative entrance into the city’s central submarket.
|Asset name||Coeur Cologne|
|Investment type||Core Prime|
|Investment structure||Directly held|
|Signing date||Completion in 2017|
|Sustainability||The asset has been Gold-certified by the German Council for Sustainable Buildings.|
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