LOSCHELDER advises the joint venture of Art-Invest Real Estate and OSMAB Holding on the sale of the MOXY hotel in the urban development of I/D Cologne
LOSCHELDER has successfully advised the joint venture of Art-Invest Real Estate and OSMAB Holding on the sale of the MOXY hotel in the I/D Cologne urban development in Cologne. The buyer is STRABAG Hold Estate.
The 222-room hotel under the brand MOXY was inaugurated in 2022 as a key component in revitalizing the I/D Cologne urban development. This lifestyle hotel, part of the Marriott group, has a 20-year lease with the operator Chocolate on the Pillow Group. The MOXY hotel is part of the I/D Cologne urban development, which was created on the site of the former freight railway station in the Schanzenviertel. It consists of thirteen buildings with a total area of around 160,000 square meters of gross floor area (GFA). The BREEAM "very good" certification for the building and the EU Taxonomy compliance of the German Sustainable Building Council (DGNB) are expected soon.
The purchase price has been kept confidential.
Art-Invest Real Estate is one of the leading project developers and asset managers, setting new standards in the smart building sector and achieving sustainable value creation. OSMAB Holding is an experienced project developer, asset manager, and owner of office and logistics properties, with a focus on sustainable and market-oriented usage concepts.
LOSCHELDER continuously advises the joint venture of Art-Invest Real Estate and OSMAB Holding on legal matters regarding the urban development of I/D Cologne and regularly provides active support in real estate transactions within the urban development.
The LOSCHELDER team: Dr. Stefan Stock, Dr. Nikolai Wolff, Janos Mahlo, Dr. Oliver Kerpen, Dr. Marcel Kleemann, Dr. Maike Friedrich, Gina Hützen, and Carolin Nußbaum.
For inquiries regarding this press release, please contact:
Dr. Stefan Stock, MScRE
Phone: +49 (0) 221 65065-286
Email: stefan.stock@loschelder.de
