Colonia Real Estate - Online Annual Report 2006

"DISCHHAUS" in Cologne

The "DISCHHAUS" was built in the late 1920’s by Bruno Paul in the style of the German ”Neue Sachlichkeit”. The building shall be extensively renovated and rehabilitated over the next two years. The property has a total floor space of 11,365 m, of which 7,715 m are for rented offices and more than 3,000 m allocated as retail space as well as 12 parking spaces. Following renovation, this prestigious object will offer flexible and modern spaces. The property was acquired by UBS (Lux) Euro Value Added Real Estate Fund together with Colonia Real Estate AG and Redos Real Estate GmbH. Colonia Real Estate AG’s subsidiary, Resolution GmbH, will be responsible for the renovation and re-letting of the property.