PANDION completes the “BelsenPark” district with the purchase of a property in Düsseldorf-Oberkassel
January 2021
PANDION AG, the Cologne-based property developer, purchased a 46,500 square metre property in Düsseldorf-Oberkassel from the real-estate companies CA Immo Deutschland GmbH and Quantum Immobilien AG in December 2020. Klaus Küppers, the Manager of PANDION’s Cologne branch office, explains the decision to buy the property in a nutshell: “What began in the first part of BelsenPark with our ‘Parkside I + II’ projects is being brought to a conclusion with the plans for the ongoing development of ‘BelsenPark II’; things really couldn’t have turned out better for us. This new project in Düsseldorf-Oberkassel fits into our portfolio of mixed-use districts in prime inner-city locations perfectly. This brings together our entire expertise in the field of urban residential and working worlds, and we are delighted to open up a new urban space for Düsseldorf at this location.” Building work is scheduled to start on the site at the beginning of 2023 and completion of the last stage of development is planned for 2027.