Wednesday, 9 September 2026
HIH Invest has acquired Düsseldorf’s Dreischeibenhaus together with institutional investors through a club investment structure, adding one of the city’s most recognisable office properties to its portfolio.
The property was sold by the Schwarz-Schütte family, which will retain an investment in the new ownership structure. The parties have not disclosed the transaction price, while HIH Invest intends to hold the building as a long-term investment.
Located in Düsseldorf’s central business district between Königsallee and the Hofgarten, Dreischeibenhaus provides 32,239 square metres of lettable space and has an occupancy rate of approximately 96%. Around 29,800 square metres is dedicated to offices, with the remainder comprising restaurant, storage and archive areas. The property also provides 276 parking spaces.
The listed high-rise was completed in 1960 and underwent an extensive refurbishment in 2014 under the ownership of the Schwarz-Schütte family. The building holds LEED Gold certification.
Its tenant base includes several international legal, consulting, financial and real estate businesses, including Hogan Lovells, Gleiss Lutz, DLA Piper, A&O Shearman, Kearney, Jones Lang LaSalle and LGT Bank.
“With the acquisition of the Dreischeibenhaus, we are investing in one of Germany’s most distinctive office properties. Its combination of a central location in Düsseldorf’s CBD, high building quality, long-term leases and a diversified tenant mix makes the property an attractive investment for institutional investors. In addition, the property benefits from tenants’ growing focus on prime locations and premium fit-outs, which is driving stable demand for high-quality space, particularly in the top office markets,” said Felix Meyen, Managing Director of HIH Invest.
The acquisition comes as investors in Germany’s office sector continue to differentiate increasingly between prime, well-occupied properties and buildings facing leasing, location or modernisation challenges. With occupancy close to full capacity and a tenant roster concentrated around established professional-services companies, Dreischeibenhaus represents the type of core office property capable of attracting institutional capital despite greater selectivity across the wider market.
The Schwarz-Schütte family’s decision to remain financially involved following the transaction also distinguishes the deal from a conventional disposal. Rather than exiting the property completely, the former owner will retain exposure alongside HIH Invest and the participating institutional investors.
“The Dreischeibenhaus has been a key part of our portfolio for many years. In HIH Invest, we have found a long-term partner that shares our appreciation of the property’s exceptional quality and significance. Through our investment, we will remain associated with the property going forward,” said Patrick Schwarz-Schütte of Black Horse Properties.
The building’s location within Düsseldorf’s CBD places it close to one of the city’s principal business, retail and leisure areas. Its position between Königsallee and Hofgarten also provides access to a concentration of corporate occupiers and city-centre amenities.
Ashurst LLP advised on legal and tax matters associated with the acquisition, while Drees & Sommer carried out the technical and ESG assessment. BNP represented the seller in the transaction.
For Germany’s office investment market, the deal provides another example of capital concentrating on highly occupied buildings in established central locations. While the undisclosed purchase price prevents an assessment of the transaction’s yield or valuation, the acquisition demonstrates continuing institutional appetite for selected prime office assets where location, occupancy and building quality can support a long-term investment strategy.
