Düsseldorf is one of the economic centres in Germany and the capital of the federal state of Nordrhein-Westfalen. The office market has had a take up of 200,000 – 400,000 m² each year for the past 10 years, overall vacancy continues to drop and prime rental levels are now close to €30/m². In Medienhafen, the fundamentals are particularly strong, with vacancy 5.8% less than the average in the city centre, and are closing the gap with Dusseldorf’s Central Business District (CBD). Vivion’s 49,000 m² asset, Völklinger Strasse, is located close to Düsseldorf‘s Medienhafen area in the Düsseldorf-Unterbilk district, a thriving commercial area which lies on the right bank of the Rhine river. Main tenants include Bau und Liegenschaftsbetrieb NRW, a government tenant which leases more than 20,000m² of the building.