TD News International Location: Stuttgart

Stuttgart: Commerz Real buys Allianz complex on Uhlandstraße

06/08/2018 Commerz Real has acquired a building complex on Uhlandstraße 2 in the center of Stuttgart for its open-ended real estate fund Hausinvest. As TD learned, the seller of the property, which is completely leased to insurer Allianz, is Officefirst, who has managed the asset for a Blackstone fund. The purchase price is said to be [...]

Domicil acquires residential package in greater Stuttgart area for €50mn

24/07/2018 LC Liegenschaft Consulting has sold the so-called Solitude portfolio to Domicil Real estate of Munich in an asset deal. The ten mostly residentially used properties are located in Stuttgart, Leonberg, Reutlingen, and Calw, and together cost roughly €50mn. They include 145 residential and eleven commercial units, and 129 parking spaces. The structures were built between [...]

Stuttgart: Karstadt Sports moving to upper Königstraße

19/07/2018 Karstadt Sports is moving to another prime Königstraße location in Stuttgart. The company is moving from Königstraße 1C, located at the Schlossgarten, to the former Karstadt building at Königstraße 27-29 . The newspaper “Stuttgarter Zeitung” has confirmed information given to TD that the company’s new landlord will be Union Investment. Karstadt Sports will occupy 3,651 [...]

Stuttgart: Investment volume headed for a record

10/07/2018 The Stuttgart investment market has had a strong first half-year. According to figures by Colliers International and E&G Real Estate, the transaction volume of €875mn for the first six months is significantly higher than the previous year’s figure of €730mn. JLL calculates a total of €880mn and calls it the best first half-year of the [...]

Stuttgart: Union Investment buys two STEP buildings

03/07/2018 Union Investment has acquired two buildings in the Stuttgart Engineering Park (STEP) for €30mn. “STEP 4”, completed in 2002, has over 7,000 sqm of lettable space and has retail, food service and fitness facilities. The recently-completed 8,000-sqm “STEP 8.3” is a six-floor office building. The purchase was made on behalf of the Austrian real estate [...]

Stuttgart: Niu Hotel Tower on Pragsattel

20/06/2018 Merkur Development, Avonia Real Estate, and Oswa Planen und Bauen have received the building permit for their joint office and hotel project on Leitzstraße 50-52 on Stuttgart’s Pragsattel. The ten-story hotel tower with 182 double rooms will be operated by Novum Hospitality under the name “niu Form”. The office spaces will be located in a [...]

Stuttgart: Gieag sells office complex

15/06/2018 Gieag has sold the office property at Neckartalstrasse 131 in Stuttgart to an institutional investor in Southern Germany. The property has an area of around 5,000 sqm and is let to the state of Baden-Württemberg. Gieag had taken over the property in late 2017/early 2018, and began renovations thereafter. The revitalization measures were completed according [...]

Stuttgart: Real I.S. buys Benger Building on Marktplatz

14/06/2018 Real I.S. has acquired the property at Marktplatz 12 in Stuttgart, known as the Benger Building. The main tenant of the fully-let office and retail property is Thomas Sabo. The acquisition was carried out for the individual mandate of an institutional investor. The property had been owned by the seller’s family for many generations. Built [...]

Stuttgart: Bülow plans quarter in Bad Cannstatt

01/06/2018 Bülow AG is planning construction of a city quarter with 27,500 sqm GFA on the Neckarpark property in Stuttgart’s Bad Cannstatt district, and is now preparing a design competition together with the city. The 8,000-sqm property situated along the Veielbrunnenpark at Lenore-Volz-Straße was acquired from the city by “NeckarPark Q9”, a special purpose company founded [...]

Segro builds 11,300-sqm property for Porsche

28/05/2018 On June 4, Segro will celebrate the topping-out ceremony for a new logistics center in Freiberg am Neckar. The 11,300-sqm property at Marbacher Straße 5 is being built for Porsche Logistik GmbH, which will use it to supply its Zuffenhausen location, near Stuttgart.