COLOGNE—Avison Young says it has advised two Canadian pension funds in the acquisition and financing of a mixed-use, two-building complex at Luxemburger Strasse/Barbarossaplatz in Cologne.
The complex was sold by Frankfurt-based Allianz Real Estate Germany GmbH on behalf of Stuttgart-based Allianz Life Insurance. Allianz was represented by CBRE in the transaction. Avison Young will serve as asset manager of the complex.
DekaBank's real estate lending team based in Frankfurt provided a long-term debt facility for the acquisition of the complex.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
