HIH Invest acquires ‘Deiker Höfe’ development in Düsseldorf via club deal

• Mixed-use development in Düsseldorf’s Stockum district
• Approx. 49,000 sq m of total rental space, primarily residential
• Developer Patrick Schwarz-Schütte (Black Horse Properties) remains involved as co-investor
• Completion scheduled for the second quarter of 202HIH Invest has acquired the ‘Deiker Höfe’ development in Düsseldorf as part of a club deal with institutional investors. The mixed-use project, located in the Stockum district, was developed by Patrick Schwarz-Schütte and is intended to be held as a long-term investment. Schwarz-Schütte is participating in the transaction as a co-investor.

The development comprises six buildings with a total rental area of around 49,000 sq m. Residential use accounts for approximately 27,340 sq m, including 353 apartments. Of these, 153 units are subsidised or subject to price controls, contributing to local housing supply. The remaining 21,700 sq m is allocated to commercial uses, including offices, hotel accommodation, local amenities and services. The scheme also provides 618 parking spaces.

A significant portion of the commercial space has already been let on long-term leases. Key tenants include Crowe BPG, Capgemini Deutschland GmbH, WELEDA and Essential by Dorint, which will operate a hotel with approximately 5,300 sq m of space. In addition, ALDI Süd will provide local retail services within the quarter.

Construction is scheduled for phased completion by the end of the second quarter of 2026. According to the developer, the project was designed in collaboration with Caspar Schmitz-Morkramer.

Felix Meyen, Managing Director of HIH Invest, said the acquisition offers access to a new-build mixed-use property in an established urban location, with a combination of residential and commercial income streams and a high pre-letting rate.

The Stockum district, located in the north of Düsseldorf, benefits from proximity to the exhibition centre and airport, as well as transport connections to the city centre and the wider Rhine-Ruhr region.

BNP Paribas acted as broker on behalf of the seller.