Investcorp expands its European Real Estate footprint by acquiring an office campus in Eschborn

10 Sep 2018

Investcorp, a leading global provider and manager of alternative investment products, is pleased to announce that it has purchased KO Campus, based in Eschborn, Germany from Cilon AG for approximately €86 million. The acquisition is Investcorp’s second real estate investment in Germany.

The newly renovated KO Campus is a modern office campus situated prominently in the commercial area of Eschborn, Germany, part of the Frankfurt Rhein-Main urban area. KO Campus is comprised of three office buildings totaling approximately 40,000 square meters and houses some well-known tenants across a diverse set of sectors, including: manufacturing, retail and technology.

KO Campus features high quality and recently renovated office buildings, state-of-the-art research and development, data and design centres, a restaurant and conference rooms.

In April 2018, Investcorp announced its first German real estate deal. Together with Continuum Capital Investment Management GmbH, Investcorp purchased the Bürocampus Wangen based in Stuttgart, Germany. Both investments are part of Investcorp’s broader pan-European real estate strategy, following its initial focus on UK industrial and logistics assets.

Rishi Kapoor, Co-Chief Executive Officer of Investcorp, said: “Our European Real Estate team continues to ramp up its momentum in sourcing attractive deals for our clients. This transaction represents an important milestone in our European real estate focused growth initiative, and is testament to our confidence in the German market’s viability. We are continuing to explore a range of interesting investment opportunities in the country and more widely across the major cities in Europe.”

Commenting on the acquisition, Neil Hasson, Managing Director in Investcorp’s Real Estate Investment division in Europe, said: “Germany’s real estate market is thriving, and demand for office space from local businesses is booming. KO Campus is ideally located in the center of the Frankfurt urban area, one of the top three real estate markets in Germany, and is anchored by well-established tenants who represent a diverse portfolio of industries. We are very pleased to have acquired this asset.”