Hamburg, 13 February 2019. Becken, specialist for the development, realisation, long-term asset and investment management of commercial and residential properties, has signed a new lease agreement with the main tenant of its Düsseldorf office property, the Jobcenter, until 2028. Becken is planning investments in the building substance as well as further construction measures in the immediate vicinity for a sustainable development of the area.

With approximately 11,800 square meters, the Jobcenter uses almost half of the total rental space of approximately 22,200 square meters of the property. The property has 163 parking spaces and 51 parking spaces in an underground car park. Jens Hogekamp, Managing Director of Becken Asset Management, says: "With the new rental agreement, we have succeeded in binding the Jobcenter to the property for the long term. This also gives the location a good development impulse."

The office property is located in the immediate vicinity of Düsseldorf Central Station. This area is currently undergoing upheaval due to numerous new buildings and refurbishments. Dominik Tenhumberg, Managing Director of Becken Development GmbH, says: "The many investments around the main railway station enhance the quarter in terms of urban development. Therefore we see a strong development potential in this area, which is already reflected in the increasing demand for office space". Tenhumberg adds: "In order to meet this rising demand, we are planning further construction measures to create additional office space in addition to investments in the existing property. For this purpose, the project developer Becken intends to expand the existing property by closing a gap in the building on Helmholzstrasse.