The quintet of Dusseldorf properties was developed between 1990and 1995. According to GE Real Estate Germany managing directorRainer Thaler, the properties "present a number of new tenant assetmanagement opportunities from which GE hopes to drive furthercapital and income growth." Totaling 190,000 sf, the buildingsfeature a mix of office and retail space.

The Stamford, CT-based GE's Dusseldorf investments exemplify itsdesire to do repeat business with local investors and developers,Thaler explains. His company previously acquired an officeportfolio from the same seller in 2006.

GE now has in excess of $500 million invested in the Dusseldorfmarket, reflective of a platform that aims to secure holdings inGermany's top commercial markets. Sporting 2.6 million people inWestern Germany, Dusseldorf as an economy feeds off advertising andfashion sectors, but the city has more recently become a haven fortelecommunications businesses, attracting the likes of Ericsson,NIT and Nokia.