TD News International Location: Stuttgart

Stuttgart: SDK lets its former headquarters to the state government office

21/08/2019 A major deal was recently closed on the Stuttgart office letting market: the Baden-Württemberg State Statistical Office will be moving into health insurance provider SDK’s former headquarters. An SDK spokesperson confirmed to TD that a lease has been signed to rent the entire building, located in the “Büropark at Bahnhof” office park on Raiffeisenplatz in [...]

Stuttgart: Radisson moves into Porsche Tower

19/07/2019 A Radisson Blu hotel will be moving into the “Porsche Design Tower” on Stuttgart’s Pragsattel. The 168 room establishment will occupy the upper floors 9 to 23. It will also include ten meeting and event rooms with a total of 550 sqm. The new 90 m structure is being built by Bülow AG as investor and [...]

Catella buys “Paulinenpark” in Stuttgart

16/07/2019 Catella Real Estate has acquired the “Paulinenpark” in Stuttgart for the open-ended private fund “KCD Catella Nachhaltigkeit Immobilien Deutschland” from the Paulinenhilfe Foundation. The building on Seidenstraße 35 has roughly 5,000 sqm total lettable space which is being used by a care facility, assisted living, and a child day care center. The property dating from 2012 also [...]

Stuttgart: Competo and W2 buy “KÖ 35” and plan new development

10/07/2019 Competo Capital Partners and W2 Development have jointly acquired the office and retail building “KÖ 35” in Stuttgart from Allianz Lebensversicherungs AG. The structure, which was built in 1911 on Königstraße 35 and rebuilt after being destroyed in 1949, is to be demolished starting in late 2020 and replaced with a new construction. The drafts [...]

Stuttgart: Barings buys Leo Campus from LBBW

08/07/2019 Barings is acquiring the “Leo Business Campus” in Stuttgart on behalf of an institutional investor. The complex, currently under construction, consists of three buildings with a total area of 27,400 sqm. The seller is LBBW Immobilien Development. LBBW’s co-investor during the entire construction project is SV SparkassenVersicherung. Deutsche Telekom will be the anchor tenant with [...]

Stuttgart: Investment volume at record high – office market also strong

05/07/2019 Colliers International reports that transaction volume on the Stuttgart investment market for H1 2019 was around €880mn, slightly above last year’s historically high figures (approx. €875mn). This was attributed to the sale of almost 200 center city apartments by a project developer to a German spezialfonds, as well asto  the sale of the “Königsbaupassagen” shopping [...]

Stuttgart: Weisenburger sells hotel and office project

14/06/2019 Weisenburger Projekt has broken ground for its hotel and office project in Stuttgart’s Vaihingen district. Over the next 19 months a four-star Novum niu hotel with 200 rooms and the new headquarters of HWS Hausverwaltungen Stuttgart GmbH will be built on the approximately 5,000 sqm site. Weisenburger is executing the project with Wolff & Müller. [...]

Stuttgart: LC buys 9,000 sqm office building in Weilimdorf

05/06/2019 LC Liegenschaft Consulting is buying the office building on Friolzheimer Straße 3 & 3a in the commercial park of Stuttgart-Weilimdorf. The seller is IC Immobilien Group, who has been managing the property. The sale was conducted on behalf of BaByliss, a subsidiary of the American Conair corporation, who has been using part of the building. [...]

Instone plans residential project with €55mn sales volume near Stuttgart

30/04/2019 Instone has acquired a 10,740 sqm lot in Herrenberg near Stuttgart. The company plans to build rental units and condominiums with a projected sales volume of €55mn on the site located on Schäferlinde in the north-western part of the city over the coming years. Construction is scheduled to start after completion of the development planning process [...]

Stuttgart: Ibis Styles Hotel goes to Art-Invest

17/04/2019 Art-Invest Real Estate has acquired the Ibis Styles Hotel Stuttgart for its “Core Budget Hotel-Fonds”. Seller of the hotel on Teinacher Straße in the Bad Cannstatt district is DQuadrat Real Estate. The hotel opened in 1993 and has been renovated in recent years. It has 156 rooms, four conference rooms, a restaurant, a bar, and 78 underground [...]