October 2011 I DERECO concludes deal for new residential complex in Düsseldorf
DERECO, Cologne has successfully concluded the sale of the new residential complex
"Beuth Lofts & Houses" in Düsseldorf Pempelfort. The sellers are the project developer PDI Property
Development Investors GmbH, Düsseldorf (an associate company of Rickmers Group, Hamburg)
and GWI Bauunternehmung GmbH, Düsseldorf. The buyer is a new special fund established by
Aachener Grundvermögen Kapitalanlagegesellschaft mbH, Cologne.
The topping out ceremony and the start of rental of the modern and future-oriented residential
complex already took place in late September. Completion is expected in spring 2012. The
approx. 2,500 m² site will contain approx. 6,000 m² of gross floor area which will be used
exclusively for residential purposes. The balanced and user-oriented residential mix includes
a total of 51 rental units with one to four rooms.