Portfolio

Bochum

Tamares Bochum Partner Limited Gibraltar acquired the freehold for 45 Wittener Street, Bochum, Germany on 28th December 2005.

Bochum is located within the German ‘Rhine Rhur Area' which is a growing region and has good public transport links and a comprehensive motorway network. By car, Bochum is thirty minutes away from Dusseldorf and Cologne. Bochum has 400,000 inhabitants and a number of major companies have chosen to locate their headquarters here such as Opel and Nokia.

The property is divided into 6 buildings, of which 5 are newly built and the existing building has been extensively refurbished as part of the project. As a result of the new scheme, the design and fit of the building is very modern and done to a high specification. The building comprises over 25,000 sq m (275,000 sq ft) net internal area and an additional 462 underground and outside car parking spaces.

The property was purchased with Deutsche BP (100% subsidiary of BP plc) in sole occupation. The tenant has signed up to a new 10 year lease which will expire in 2016.