Hamborner REIT AG (DB:HAB) entered into an agreement to acquire Office Property in Cologne for €49 million at the end of November, 2016. The transaction was financed through the capital increase at the end of September. The property has an annual rental income of €2.8 million. The transaction process was managed and implemented for the seller by Tresono Family Office AG in cooperation with Loschelder Rechtsanwälte. The transaction was brokered by BNP Paribas Real Estate (Cologne). Transfer of possession is expected to take place in the spring of 2017. Hamborner REIT AG (DB:HAB) completed the acquisition of Office Property in Cologne on January 2, 2017.