HIH Invest Real Estate (HIH Invest) has completed the acquisition of the Cecilienpalais, located at Cecilienallee 10 in Düsseldorf. The office building, constructed in 2010, offers 3,245 square metres of rental space across four storeys and features a natural stone façade. It is nearly fully occupied and includes 60 parking spaces in an underground car park. The property was acquired on behalf of the open-ended special fund ‘Deutschland Selektiv Immobilien Invest II’, though the purchase price has not been disclosed. Situated along the Rhine in the Rheinboulevard submarket, the Cecilienpalais benefits from a stable and diversified tenant mix, providing consistent cash flow and value preservation. The building’s flexible floor plans and high-quality interior fittings are designed to support strong re-letting potential and broad usability for future tenants. Daniel Asmus, Head of Transaction Management Office Germany at HIH Invest, noted that the property’s location was a decisive factor in the acquisition. Positioned near the Kennedydamm underground station, the building offers convenient access to local transport networks, with Düsseldorf’s main railway station and city centre reachable within minutes. Cecilienallee also borders Rheinpark Golzheim, a well-known recreational area. The fund acquiring the property follows a strategy aligned with Article 8 of the EU Disclosure Regulation, focusing on energy-efficient office buildings in prime locations across Germany’s top seven cities and other growth centres. It currently delivers a distribution yield exceeding five percent annually. Legal and tax due diligence for the acquisition was handled by Hogan Lovells, while Drees & Sommer conducted technical and ESG due diligence. On the seller’s side, CBRE acted as broker, with Clifford Chance managing legal due diligence and Brand Berger responsible for technical due diligence. The IC Immobilien Group served as the local management partner for the seller. Photo: CBRE, photographer: Holger Peters.