Sonar Real Estate gains letting instructions for five office assets in Düsseldorf and Ratingen

by   CIJ News iDesk III
2023-03-14   11:22

Sonar Real Estate (Sonar), the investment and asset manager active across Germany, has received instructions for the letting management of five high-profile office properties in and around Düsseldorf. The clients are three different owners. One of Sonar's key tasks is to identify potential tenants and to find occupiers for the space still available in each property.

The largest individual instruction, in Medienhafen Düsseldorf, concerns the new office buildings "ALTO Medienhafen" and "LARGO Medienhafen", together with the neighbouring "FLOAT" property designed by the internationally famous architect Renzo Piano. The three properties, completed between 2019 and 2021, are part of the IMMOFINANZ portfolio. They provide a combined total lettable area of 88,000 sq m of exceptionally high quality accommodation

Sonar has also been appointed to handle letting management of the "Seasar Office", in the Seestern office submarket. This recently refurbished property, originally dating from 1985, is part of a fund advised by an internationally-active investment manager. 7,000 sq m of the total 13,000 sq m of space is currently still available.

The third instruction, for the "Square" building, completed in 2022 in the "Schwarzbach Quartier" office district of Ratingen-Ost, comes from ARA Europe Private Markets. According to plans by HPP Architekten, during the next few years a total gross floor area of 99,500 sq m is to be constructed in this new development area. 17,700 sq m of the total floor area of 19,000 sq m in the "Square" is currently occupied, and, in 2023, Sonar has already secured a new major tenant, NGK, for 5,600 sq m of the property.