INVESTMENT OPPORTUNITY

The REC campus includes 27.3 hectares zoned for commercial office development and 16 hectares for trade and industrial. Based on the City of Wesseling zoning requirements the carrying capacity for the site is comprised of 139,000sm of office and support amenities and 40,000sm of warehouse and workshop space. The vision for REC is aligned with the Wesseling 2040 plan. REC is connected to the community and wider region via A555 and Tram Line 16 with station Wesseling Sud located across from the campus entrance.

Shell will act as anchor tenant for REC with a forward commitment of 15,800sm of office and 20,000sm of warehouse. Shell currently welcomes up to 2,000 contractors per day from over 160 different companies. These contractors and partners are committed to 10,000sm of office space.

Lack of commercial space availability in Cologne also creates opportunity in Wesseling. Vacancy rates in the greater Cologne area were at 3.7% resulting in limited stock for new office demand. The upper segments of the market are under the most pressure with roughly only 20% of the available space in Cologne being considered top quality fit-out specifications.