- Global real estate investment manager Barings has acquired MP6, a mixed-use property in Cologne.
- TA Europe carried out the technical due diligence of the building.
Berlin, 18 August 2021 – Barings, one of the world’s largest diversified real estate investment managers, bought the almost 19`000 sqm building from MEAG, the asset manager of Munich Re and ERGO. The purchase price has not been disclosed.
TA Europe carried out the complete technical due diligence of the nine-storey property northwest of the old town, which was built in 1999. This included the thorough technical evaluation of around 15,500 sqm of office space, 500 sqm of retail space and 1,300 sqm of residential space.
The property is home to tenants from the IT and media industries, as well as the service and medical sectors. The availability of public transport, such as Tram and S-Bahn, contributes to the attractiveness of the location.
Annika Neubauer, Associate Director at TA Europe, says: “We are very glad to have supported Barings in their acquisition with technical due diligence services. We see ourselves as partners who do everything to help our clients make sound and fact-based decisions, and are beyond grateful that our client Barings made once again use of that, after several diverse projects, including portfolios like the Coldplay Logistics Portfolio or our most recent fruitful cooperation at Machtlfinger Höfe in Munich.”
