Sonar Real Estate (“Sonar”) has been appointed by an international investor to carry out the asset management of the “GRIDD” office building in Düsseldorf. The instruction includes letting management and Sonar has already notched up its first success with the extension of Helaba’s lease on around 8,000 square metres within the property.
Originally built in 1997 as the headquarters of IKB Deutsche Industriebank, “GRIDD” is situated at Uerdinger Str. 88-92, in a prime location in Düsseldorf, directly adjacent to Kennedydamm. The six-storey building, standing on a site of around 25,000 square metres and provides a lettable area of about 58,000 square metres of office space. As well as IKB Deutsche Industriebank and Helaba, occupiers include LKA and Colt.
Julian Kaup, Managing Director and Co-Head Transaction & Asset Management at Sonar, comments on the plans: “We intend to continue the existing multi-tenant strategy. In the coming months, we will create new impetus and increase the attractiveness and sustainability of ‘GRIDD’ in the long term through targeted investments that take ESG criteria into account. For example, to further increase its attractiveness and accessibility, it is planned to create a new forecourt to the building . Ecologically sound works that have a positive influence on ancillary costs will also be implemented. I am confident that this will increase the value of the property and attract new tenants.”
