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D&R Investments sells Deutsche Bank branch in Mannheim

D&R Investments sold the Deutsche Bank branch in the centre of Mannheim, which was acquired in 2014 on behalf of a Dutch investor group. The building was sold to a German institutional investment fund as part of a structured process. The eight story corner building with approx. 11 000 sqm of floor space marks the entrance to the „Planken“ highstreet (P 7, 10-15). The parties have agreed not to disclose the purchase price, but according to the parties involved, it is in the double-digit million range. The multi-tenant property is mainly used by office tenants. The main tenant is Deutsche Bank, which occupies a large part of the space. „Bethge Immobilienanwälte“ and „City Jung“ acted as consultants.