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Union Investment sells Stuttgart office building to Conren Land

Conren Land has purchased an office property with around 6,700 sqm of lettable space at Nordbahnhofstrasse 147, Stuttgart. Seller is Union Investment’s Spezialfonds UII GermanM. At the time of the sale, the tenancy rate by return was 98%. Colliers International brokered the transaction. Union Investment acquired the six-story office building in 1984 as a project development, which it completed in 1987. Main tenant is the Deutsch Angestellten-Akademie (DAA), an advanced training institute.

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