18.08.2018 – Westfalen-Blatt – Siemens real estate to be put up for auction

Bielefeld (WB). Everyone in Bielefeld associates the commercial property on Otto-Brenner-Straße with the name Siemens. The technology giant has only been a tenant here for more than ten years. The property is to be auctioned off on 20 September.

The area along Schweriner Straße with a little more than 20,000 square meters was developed for the Siemens branch in the early 1970s. This is an important sales and service location with about 200 employees for the economic area Ostwestfalen-Lippe, emphasizes company spokesman Georg Lohmann.

Siemens has been represented in the region for more than 100 years with intensive contacts to customers. In OWL, Siemens offers its customers individual solutions from a single source along the value chain of automation, electrification and digitization as well as in the healthcare sector. Customers are flexible, ultra-modern and, in some cases, globally active, mostly family-run medium-sized companies. According to Lohmann, Siemens has no longer owned real estate such as that in Bielefeld for some time, but is now only a tenant. The property with eight parcels of land was apparently acquired by a Frankfurt-based Immobilien Service GmbH.

The market value is 5.2 million euros

The operator of the forced sale is the Titan Series with headquarters in Luxembourg, which is in turn represented by Steinberg Real Estate Management GmbH in Hofheim, Hessen. According to Managing Director Antje Mertig, Steinberg is responsible for structuring financing, handling problem real estate and non-performing loans.

The property in Sieker is characterised by a five-storey office building at the corner of Schweriner Straße. A workshop is attached to it. The tenant is currently the Dekra Academy for Training Measures. Parts of the administration are used by Siemens for branch management.

According to Georg Lohmann, the majority of the employees in the region work locally for customers. The office building has a total floor space of 3490 square meters. The workshop has 10,510 square meters on two floors. Next to the ground floor there is a complete basement. There are also two transformer houses on the site. Hendrik Bachler’s expert office estimates the total land value of the site at three million euros. The usual market net annual rent is 556,000 euros. The expert calls the condition of the buildings a “normally maintained and maintained condition”.

Damage to the roof cladding, including moisture damage to the flat roof cladding of the workshop, is estimated by the expert at 150,000 euros. The date for the compulsory auction is Thursday, 20 September, at 10 a.m. in Room 18 of the local court. The market value is 5.2 million euros.

By Michael Diekmann and Uwe Koch

Translated with Deepl.com.

Source (German): Sa., 18.08.2018, Westfalen-Blatt: Zwangsversteigerung des 20.000 Quadratmeter großen Areals – Siemens-Immobilie kommt unter den Hammer