ABG wins Volkshochschule Dusseldorf – as major tenant – for its YORCKS commercial property
- Volkshochschule Dusseldorf has signed a 30 year lease contract for 15,000 sqm of office space, to provide adult education
- YORCKS to become a key location on the North Rhine-Westphalian capital’s “Knowledge Mile” (“Wissensmeile”)
Dusseldorf/Frankfurt, 26 April 2022 – ABG Real Estate Group welcomes Volkshochschule (VHS) Dusseldorf as a new major tenant to its YORCKS property. The commercial property on Yorckstraße 19 – 23 / Münsterstraße 169 will thus become one of the key locations on Dusseldorf’s “Knowledge Mile” (“Wissensmeile”) of the North Rhine-Westphalian state capital. The Hochschule Düsseldorf – University of Applied Sciences and the FOM University of Applied Sciences for Economics & Management are located in the immediate vicinity with a distinctly student-oriented environment. VHS Dusseldorf, one of the largest institutions of its kind in Germany, will be uniting its entire educational offering – currently dispersed across various locations in the city – under one roof with the move to YORCKS. The tenant has rented approximately 15,000 sqm of space under a very long-term lease for 30 years; the move is scheduled from January 2024.
ABG Real Estate Group will develop and reposition the YORCKS. The location in Dusseldorf’s Derendorf district is ideally connected in terms of transport, and has a very urban and dynamic feel – thanks in part to the excellent infrastructure and proximity to the city centre. The YORCKS property will offer its users campus-like, modern office space covering a total lettable area of 27,700 sqm. In addition it features very large areas ideal for special use or retail and gastronomic offerings, and long-term tenant FitX gives users the opportunity to use its fitness centre. Space can be flexibly combined in numerous different ways; even house-in-house solutions with separate entrances can be arranged. Light-flooded offices offer a view of the inner courtyards and the Dussel river. YORCKS offers 40 exterior parking spaces, an underground car park with 402 parking spaces, and charging stations for electric cars and bicycles.
Ulrich Höller, Managing Partner at ABG Real Estate Group, said: “YORCKS will offer a state-of-the-art workplace to its users in an inspiring district that is already home to several well-known educational institutions. We are delighted that we have been able to convince Volkshochschule Dusseldorf, a highly renowned institution. Around two-thirds of the building’s space has now been let under long-term contracts.” Real estate agent Avison Young led the rental process.
About YORCKS Dusseldorf: The extensive YORCKS building complex is situated just opposite the striking new campus of Hochschule Düsseldorf and near to FOM University of Applied Sciences, at the heart of the city’s “Wissensmeile”. The foundation stone was laid in 1992, and the property served as headquarters for the HSBC Trinkaus & Burkhardt banking house for many years. ABG Real Estate Group acquired the YORCKS property in 2020, with the aim of comprehensively revitalising and modernising it according to the latest sustainability criteria. Certification by the German Sustainable Building Council (DGNB) is being sought in the course of the development.