Haus Friesenplatz

We redeveloped a block of outdated buildings into a high-quality asset with highest sustainability and well-being standards in the center of Cologne. Its special feature is the redesign of the inner courtyards to create exclusive apartments in the heart of the city.

The original buildings dating from the 1940s and 50s did not meet modern office requirements anymore. However the location at one of the most vibrant squares in Cologne with high visibility, very good infrastructure and a subway station directly next to the property was very attractive.  


The solution

Demand for modern, interconnected office spaces with a flexible layout in Cologne had been high as ever. Therefore the decision was taken to demolish the existing buildings and build new office buildings with gastronomy/retail units and a separate residential unit. After two phases of construction completed in 2019 respectively May 2021, Haus Friesenplatz is now home to attractive and state-of-the art offices, shops and apartments. The two office buildings were fully let to strong office tenants already 1.5 years before completion each.


What we are proud of

This development represents a high quality asset that meets ESG and well-being standards including green leases, green electricity in the common and tenant areas, an energy-efficient cooling system, charging stations for e-cars and showers in the common areas. It also upgrades the entire surrounding area around Friesenplatz adding to the attractiveness of this part of the city.

During the Covid pandemic in 2021, the Asset Management Team together with the property manager Tectareal organized the lease of four units at reduced rents to four employees from St. Elisabeth Hospital in Cologne.  

Facts & figures

Asset nameHaus Friesenplatz
Asset typeOffice
Investment typeDevelopment to Core Prime
Investment structure Directly held
SizeLeasable area 15,400 sqm
Signing date Completion in two phases 2019 and 2021
Sustainability The asset aims to be Gold-certified by the German Council for Sustainable Building

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"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, 479 Lujiazui Ring Road​, Shanghai Tower, Pudong New District ​, Shanghai 200120​, People’s Republic of China​), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.

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