GERLING GARDEN close to full occupancy of office space

Cologne, 11/10/2023 | Shortly after the successful topping-out ceremony, the GERLING GARDEN inner-city quarter in the heart of Cologne has reached another milestone: the joint venture between PROXIMUS and Quantum has secured the law firm YPOG as a tenant. YPOG, one of Germany's leading addresses for venture capital, private equity and fund structuring, has signed a long-term lease for approximately 4,000 square metres of office space. The move into the new space is planned for mid-2025. Following the Kirchliche Zusatzversorgungskasse (KZVK) leasing a good 9,000 m² of office space at the beginning of the year, the latest letting means that almost all of the office space in the city centre district is now leased.

On the former Gerling Insurance site in a central location in Cologne's city centre, a modern building complex comprising offices, retail, hotel and restaurants is being built on a gross floor area of around 45,000 m². In addition to the YPOG law firm and the Kirchliche Zusatzversorgungskasse (Church Supplementary Pension Fund), the 207-room ‘25hours Hotel THE CIRCLE’ also successfully opened its doors on the site in 2018.

Birgit Dieckmann, managing partner of PROXIMUS ASSET MANAGEMENT, says: "We are delighted to welcome YPOG as another high-profile tenant to the GERLING GARDEN inner-city quarter. This means that we have already achieved almost full occupancy at this stage of the project. The letting shows us that we have created an attractive offering with high-quality office space in a unique listed ensemble in the heart of Cologne's city centre, even in this market phase."

Daniel J. Gedack, Managing Director of Quantum Projektentwicklung GmbH, adds: ‘With this long-term lease, we have reached another milestone. In addition to technical and spatial quality, office space must also have an attractive location and a high quality of stay in order to offer employees an advantage over working from home. With GERLING GARDEN, we can meet precisely these requirements.’

Dr Johannes Janning, partner at YPOG, says: "We were looking for a suitable working environment for our law firm's new location. A modern environment with excellent infrastructure that creates space for professional and personal growth and where our colleagues can work productively and creatively. And all this in a dynamic environment with lots of green spaces in the heart of Cologne's city centre. We are delighted to have found exactly that in the new premises at GERLING GARDEN."

The lease was brokered by BNP Paribas Real Estate GmbH, Cologne.

More about GERLING GARDEN: www.gerling-garden.de