Value-add specialist Commodus has acquired the property Dr.-Gessler-Strasse 12 in the Königswiesen area of Regensburg for its “Commodus Deutschland Fund II SCSp, RAIF” fund from a private vendor. At present, approx. 2,200 sq. m of office and 1,800 sq. m of retail rental space is distributed over the around 4,000 sq. m of overall usable space in the current full leasing. With the imminent departure of the main tenant Osram Continental, 645 sq. m of office space will become available. For Commodus, this results in further follow-on possibilities for the implementation of a new concept and spatial design.
The focus lies on flexible usage concepts that adapt to the quickly changing requirements of innovative companies. Commodus is also examining the possibilities for an annexe or extension to the 1990s property. Alongside the existing attractiveness of the location in an established Regensburg office setting with good public transport connections, Commodus sees a further enhancement to the microlocation with the neighbouring “Königstor” project development.
Regensburg took a leading position during an internal analysis by Commodus to identify the most promising new investment locations. Alongside the top-seven cities that will continue to play a central role in the Commodus strategy, the owner-run investment company has defined two target clusters with high-growth cities as part of a comprehensive internal research project. In the “Rhine–Main cluster”, these are the cities of Koblenz, Mainz, Heidelberg, Darmstadt, Mannheim and Karlsruhe. High demand for office space due to strong economic development, future competitiveness thanks to top-rate research and digital infrastructure, and appeal and retention of talent through high quality of life were considerable factors in the Commodus “Future Growth Cities” analysis. In the “south-east cluster”, into which the current Commodus investment falls, the defined target cities alongside Regensburg are Nuremberg, Ingolstadt, Augsburg and Ulm. Smaller cities are also analysed on an ongoing basis by Commodus and can move into the company’s investment focus should good opportunities arise.
In 2019, Commodus plans acquisitions to the value of 200 to 300 m euros.
- First acquisition within the context of the Commodus “Future Growth Cities” strategy
- Currently fully leased property with more than 4,000 sq. m of usable space in an established Regensburg office setting
- High appreciation potential due to new usage concept for office spaces that become available