TD News International Location: Stuttgart

Stuttgart: Wohninvest buys office building from Catalyst

10/12/2018 Wohninvest Holding of Fellbach near Stuttgart has bought the office building Ingersheimer Straße 16/Hemminger Straße 21 in Stuttgart-Weilimdorf. The seller is the value-add CEPF II fund represented by Catalyst Capital. NAI apollo and Immoraum brokered the deal. The structure was built in 2002 and has roughly 8,000 sqm lettable space. It served as the German headquarters [...]

KGAL buys office building in Fellbach

05/12/2018 KGAL has acquired the office building Höhenstraße 24 in Fellbach near Stuttgart for a real estate Spezial-AIF. The building dating from 1975 is currently being renovated and modernized. The conversion as well as construction of a new parking garage are to be completed by early 2019. The structure will then offer about 16,800 sqm lettable [...]

Stuttgart: State leases 9,000 sqm office space from LC Liegenschaft

04/12/2018 The state of Baden-Württemberg is leasing roughly 9,000 sqm office space in the Gate Eleven in Leinfelden-Echterdingen near Stuttgart airport for its Center for Educational Quality and Teacher Training (ZSL). The lessor of the office property on Fasanenweg 11 is LC Liegenschaft of Stuttgart. Colliers International brokered the deal; the owner was legally advised by GSK Stockmann. [...]

C&W opens office in Düsseldorf, Savills expands in Stuttgart

03/12/2018 Cushman & Wakefield (C&W) is opening a location in Düsseldorf, its sixth in Germany alongside offices in Berlin, Hamburg, Frankfurt, Munich and Leipzig, at the end of this year. As TD reported last August, the Düsseldorf location will be managed and set up by four former JLL employees: Luisa Rotthaus (director) and Martin Höfler, as [...]

Stuttgart: Zurich buys Motel One from Reiß & Co.

28/11/2018 Reiß & Co. has sold the Motel One planned on Kriegsbergstraße to Zurich Group Deutschland in a forward deal. Reiß & Co. reports it will get the project ready for occupation and then transfer it to the operator and end investor. BayernLB is responsible for the financing. E&G Real Estate brokered the deal for the [...]

Stuttgart: Deka buys Office One from Bülow

21/11/2018 Bülow AG has sold the “Office One” in Stuttgart-Vaihingen to Deka Immobilien. Bülow confirmed a report to that effect by the “Immobilienbrief Stuttgart” upon TD inquiry. According to the real estate industry newsletter, the purchase price for the property is estimated at around €90mn. Colliers International is reported to have brokered the deal. The “Office One” [...]

Bülow starts construction of “Vision One” in Leinfelden

31/10/2018 Bülow AG is announcing the construction start for the “Vision One” in Leinfelden-Echterdingen near Stuttgart. The company is building an office complex of four buildings with a total of 24,000 sqm GFA on the 13,414 sqm lot on Dieselstraße. Office building A is 60 % leased to IT services provider NovaTec Consulting. Section B still has [...]

Stuttgart: Alstria leases 3,800 sqm on Daimler Campus

30/10/2018 Alstria has signed a new lease with a communications agency for the property at Epplestraße 225 in Stuttgart. This comprises around 3,800 sqm of office and ancillary space, according to a press release. The ten-year lease begins on November 1st 2019 and will generate an annual rental income of €550,000. The newly leased space had [...]

Aik invests €72mn in office portfolio from Kristensen

23/10/2018 Aik is taking over three office properties in Hamburg, Düsseldorf, and Stuttgart from a closed-end fund of Danish property investment firm Kristensen Partners I, represented by Kristensen Properties. Including technical measures, aik is investing about €71.7mn in the portfolio. The Düsseldorf property is an ensemble with 10,663 sqm in two building sections of eight stories [...]

Frasers takes over new logistics building near Stuttgart from new subsidiary

01/10/2018 Frasers Property Europe has acquired the logistics property built by Alpha Industrial for Bosch in Tamm near Stuttgart. The developer, who has been part of Frasers since July, reports having invested €60mn in the 40,000 sqm structure. It was completed this spring on a lot on Bissinger Straße / Hölderlinstraße formerly used by Edeka and [...]