Cushman & Wakefield, one of the world's largest property consultancies, has advised Renault Deutschland AG on the structured sale process of its former German headquarters and an integrated logistics site in Brühl near Cologne. The buyer of the property is a property company of GLP PF Germany Management GmbH.
On the approximately 128,400 m² site, GLP plans to construct a logistics building tailored to Renault's future needs with a total area of around 27,300 m², of which 25,300 m² is earmarked for logistics and 2,000 m² for office space. As part of the transaction, Renault will continue to use part of the existing building with an area of around 25,000 m² until the new building is completed. The old building will then be demolished and the site developed for further logistics and commercial use.
Cushman & Wakefield was responsible for handling the sale as well as negotiating the lease agreement. Hoffmann Liebs provided legal advice to the seller, while DLA Piper supported the buyer.
