BlueRock Group sells Cologne office property as part of portfolio strategy

BlueRock Group AG has sold an office property in Cologne from the BlueRock Fund PCC Ltd. to an international industrial company. The transaction, valued in the mid-double-digit million-euro range, reflects the company’s ongoing portfolio adjustments in response to structural changes in the office market.

The property, built in 2000 on a 7,000 sqm site and renovated in 2012, offers around 8,100 sqm of rental space. Its sale marks the completion of a planned investment cycle. Legal advice to the seller was provided by Heussen Rechtsanwaltsgesellschaft mbH.

According to Ronny Pifko, CEO of BlueRock Group, the firm is carefully monitoring shifts in the office sector while identifying growth opportunities elsewhere, particularly in Berlin’s residential market. He noted that while office investments will continue to be considered, reallocations are being made to align with long-term portfolio objectives.

Pifko added that the Cologne transaction illustrates BlueRock’s approach of reviewing assets regularly and adapting to changing conditions, while maintaining a focus on strategic development for investors.