otto-hahn-straße

hilden

initial situation

• Good commercial location in Hilden-West
• 100 % let to three companies, main tenant since construction
• Rental contracts ending at short notice without option
• Rental space let approx. 40 % below market level
• Structurally good condition – deficiencies in fire protection and appearance to be remedied
• Expansion potential on the property through redensification

objective

• Negotiation with existing tenants and/or eviction
• Raising the rental reserves of approx. 40 %
• Extension of the existing halls by approx. 1,500 sqm through land reserve
• Energetic refurbishment of existing buildings and remediation of structural deficiencies
• Long-term maintenance of status quo planned

implementation

• Negotiation with main tenant (90 %) on new lease with 5-year term and adjustment to market level
• Elimination of deficiencies (fire protection, building services, optics)
• Planning of extension buildings with implementation as of 2023