Herzog office and commercial building completed in Cologne’s Schildergasse

The Herzog office and commercial building in Cologne’s Schildergasse has been completed. Union Investment acquired the property in 2022 through a forward funding agreement for its UniImmo: Deutschland real estate fund. Developed by Bauwens, the project delivers approximately 7,000 square meters of office and retail space on one of Cologne’s busiest shopping streets, with 5,500 square meters designated for offices and 1,500 square meters for retail.

Discussions are underway with potential tenants for the office space, which has been designed with flexibility and sustainability in mind. The retail space has already been leased on a long-term basis to shoe retailer Deichmann. Sven Lintl, Head of Asset Management Germany at Union Investment, noted that high-quality office spaces in prime locations remain important in attracting employees back to the office.

The building features a natural stone façade with bronze-colored framing and metallic accents. It also includes a roof terrace with views of Cologne Cathedral. The location offers easy access to public transportation, the Rhine, shopping facilities, and restaurants.