Silverton secures long-term lease with GEL Express Logistik in Meerbusch office building

The Silverton Group has finalized a long-term lease agreement with GEL Express Logistik GmbH (GEL) for approximately 950 square meters of office space in its property located at Otto-Hahn-Strasse 10 in Meerbusch, near Düsseldorf. This significant lease brings the occupancy rate of the three-story building from 20% to over 50%, marking a notable milestone for the asset.

The property, which offers a total lettable area of around 3,100 square meters, is part of the ‘Elephant’ portfolio. This portfolio was acquired by Silverton in partnership with EPISO 5, a fund managed by Tristan Capital Partners, in 2019. GEL joins Lehmann Natur GmbH as a tenant in the building.

Constructed in 2006 on a 4,000 square meter site, the property is notable for its sustainability credentials, holding a “BREEAM Existing Property” certification. It includes 64 surface parking spaces and 19 underground spaces equipped with electric charging facilities, catering to modern mobility needs. Its strategic location provides excellent transport connectivity, with direct access to the A44 motorway and public transport stops within walking distance.

JLL acted as an advisor to GEL on the transaction, highlighting the growing demand for high-quality office space in the region. Currently, units ranging from 400 to 950 square meters remain available for lease on the first and second floors of the property.