Montano Asset Management buys office building in Ratingen
Montano Asset Management (Montano) has acquired a modern, fully-let office building in Ratingen near Dusseldorf for a German institutional investor. The vendor is Barmenia Krankenversicherung AG.
Montano received the investment instructions from a professional pension fund in May 2020. It comprises an amount in the lower three-digit million Euro range. The investment objectives are Core-plus and Core office properties in prime locations in Germany's top seven cities, and in selected 'B' locations.
Ramin Rabeian, Managing Partner of Montano, says: "We are confident that we have made a sustainable investment for a professional pension fund. From our company's perspective, it demonstrates not only our market competence but, in particular, that our active management approach is also highly regarded by national investors. We anticipate that active management become increasingly important in the future.
The property, at Kokkolastrasse 1 in eastern Ratingen, has a total lettable area of some 5,300 square metres. It is close to the Ratingen-Ost S-Bahn station.
The deal was brokered by imovo GmbH, a partner of the NAI Apollo Group. Lawyers McDermott Will & Emery Rechtsanwälte Steuerberater LLP provided legal and taxation advice on the transaction.