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| Carlyle acquires prime development site in Dusseldorf, Germany Private equity firm Carlyle Group announces the acquisition of a prime development site in the city center of Dusseldorf from DEKA ImmobilienFonds, an open-ended fund owned by DEKA Bank. The site is located in Cecilienallee 6-9 in the city centre of Dusseldorf. The building currently occupying the plot has a lettable area of approximately 8,400m˛. Carlyle Europe Real Estate (CERE) plans to demolish the existing structure following the end of all tenancies for the building in August 2009 and will then construct a new modern office building with roughly 14,000 m˛. An architectural competition for the new project had been carried out by DEKA in close cooperation with the City of Dusseldorf prior to the purchase. The winner was the Hamburg-based German architect André Poitiers. CERE will base its project on his design. write your comments about the article :: © 2008 Construction News :: home page |