Total sqm

9,948

Tenant

Otto Harrassowitz GmbH, Drägerwerk AG, Bildungswerk der Hessischen Wirtschaft e.V.

Occuppancy Rate

100%

Remaining Lease Term

3.4y

Net Initial yield at acquisition
6.65%
Total sqm
9,948
Ocuppancy Rate
100%
Tenant
Otto Harrassowitz GmbH, Drägerwerk AG, Bildungswerk der Hessischen Wirtschaft e.V.
Remaining Lease Term
3.4y

Total sqm

9,948

Tenant

Otto Harrassowitz GmbH, Drägerwerk AG, Bildungswerk der Hessischen Wirtschaft e.V.

Occuppancy Rate

100%

Remaining Lease Term

3.4y

Net Initial yield at acquisition
6.65%
Total sqm
9,948
Ocuppancy Rate
100%
Tenant
Otto Harrassowitz GmbH, Drägerwerk AG, Bildungswerk der Hessischen Wirtschaft e.V.
Remaining Lease Term
3.4y

Description

This office building with about 9,950 sqm of net lettable area consists of three buildings, partly connected, with a basement garages and attractive landscaping, accessible via a private access road that belongs in part to the property.

Location

Close to Frankfurt (15 min by car), Wiesbaden has the second largest gross domestic product per inhabitant in the state of Hesse, after Frankfurt, making it one of the richest cities in Germany.

Tenant

Two buildings are fully-let by Otto Harrassowitz, a book publisher for academic and research libraries, historically established in Wiesbaden since World War II. The third building hosts multiple tenants: the first floor is let by the sales division of Drägerwerk, a family-run DAX-listed enterprise selling medical and safety technology; while the upper floors are rented by a non-profit organization offering professional trainings.