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September 2017
DERECO sells commercial property (“2, Ehrenstrasse / 1, St.-Apern-Strasse”) in Cologne to Swiss Life

The Cologne-based multi-family office for real estate DERECO sold a fully let core-segment retail
property with office space in a premium location in Cologne to the German branch of Swiss Life AG.
The divestment, which occurred by way of an asset deal, was performed in connection with an
exclusive asset management mandate by a German single family office. Upon completion of the
transfer, the house is going to be managed by the asset management department of Corpus Sireo
Real Estate GmbH, Cologne.

This outstanding property with approx. 2,000 sqm of rental space is directly located in a transition
zone from trendy Ehrenstrasse to Breite Strasse, one of the top spots in Cologne. The building is
unique since it is located on a corner opposite Willy-Millowitsch-Platz and still within the visual
axis of Apostelnstrasse.