Tristan’s Curzon Capital Partners 5 Long-Life Fund has acquired Parseval Square office building located in Dusseldorf Nord, the city’s largest office submarket. The property was acquired from Floreat Group for an undisclosed price. Located at Parsevalstrasse 7-9 in Dusseldorf North, Parseval Square comprises 26,675 sqm of office space, 6,149 sqm of storage space and a canteen of 1,292 sqm located on the ground floor. The building also offers 549 parking spaces. The six-storey building is currently 71 percent let, with 13 office tenants including Datagroup, Bonava Deutschland and Rheinischer Sparkassenverband. The property is currently managed by Barings Real Estate, who will continue to act as asset manager in partnership with Tristan.
Picture: Cornerstone
