HIH Invest Acquires TONIQ1 Office Building in Düsseldorf

HIH Invest Real Estate has acquired the newly built office property TONIQ1 in Düsseldorf from LANGEN Immobiliengruppe. The transaction was completed off-market for a special real estate fund managed on behalf of an institutional investor.

Completed at the end of 2023, TONIQ1 provides 13,344 sq m of lettable space along with a multi-storey car park offering 305 parking spaces. The Federal Agency for Real Estate (BImA) has leased the building on behalf of the Düsseldorf Main Customs Office, which is consolidating three previous locations into the new property. The lease runs for 8.5 years and includes two extension options.

“TONIQ1 represents a modern office building that meets high standards of functionality, flexibility, and sustainability. It is tailored to the needs of a public tenant while providing a long-term, high-quality workplace,” said Alexander Kotowski, Managing Director at LANGEN Projektentwicklung GmbH & Co. KG.

According to Daniel Asmus, Head of Transaction Management Office Germany at HIH Invest, the acquisition secures “stable long-term income and a high degree of planning security for our institutional investor,” noting that the building’s design also allows for future conversion into a multi-tenant property if required.

The property is located in the established office and service district “Quartier(n)” at Düsseldorf Airport, offering proximity to the airport, direct access to the A44 and A52 motorways, and good public transport connections. The building features a three-metre clear room height, cavity floors, sun protection systems, thermal insulation glazing, and energy-efficient air conditioning. It has been certified to the DGNB Gold sustainability standard.

Financing was arranged with Stadtsparkasse Düsseldorf. Legal and tax due diligence was handled by Ashurst LLP in Frankfurt am Main, with technical and ESG due diligence provided by ES EnviroSustain GmbH in Berlin. Anteon Immobilien brokered the transaction, while Kapellmann Rechtsanwälte advised LANGEN Immobiliengruppe.