TD News International Location: Stuttgart

BNP buys Greenfield logistics center near Stuttgart

07/02/2019 BNP Paribas REIM has acquired a 15,200 sqm logistics center in the “Perfekter Standort” industrial park, completed last August, in Vaihingen an der Enz. The logistics property, located at Otto-Hahn-Straße 10, was developed by Greenfield and is leased to DSV Solutions. This is the tenth acquisition of the Eurozone Logistics Fund (EFL), which is managed [...]

Stuttgart: Albplatz Forum goes to Momeni

21/01/2019 Momeni has acquired the “Albplatz Forum” in Stuttgart from a special purpose company managed by J.P. Morgan Asset Management. The purchase was for one of Momeni’s institutional special assets. According to market insiders, the purchase price was €90mn. The closing is anticipated for February 2019. Momeni was legally advised on the transaction by P+P Pöllath + [...]

Stuttgart: Württembergische sells “Focus 21” to Catella

08/01/2019 Insurer Württembergische Lebensversicherung sold the office building “Focus 21” in Stuttgart to Catella Real Estate at the end of December. The purchase price, as TD learned from market insiders, was over €30mn. The building on Presselstraße 10 has 8,100 sqm lettable space and was completed in 2002. The fully-leased property is used, among other tenants, [...]

Stuttgart: Investment market with new record – office leases down

07/01/2019 Stuttgart’s commercial property investment market delivered a record year in 2018. E&G Real Estate counted about 75 investment transactions, a good two-thirds of them in the two and three digit range. This boosted the transaction volume from about €1.42bn in 2017 to an impressive €2.34bn. The largest deals were the Allianz Campus, the Uhland-Carré, and [...]

Stuttgart: BVK buys 250 Instone apartments

21/12/2018 Bayerische Versorgungskammer (BVK) has acquired the residential part of the project “Stuttgart City Prag – Wohnen im Theaterviertel” before the commencement of construction. This will comprise 250 residential units, 24 of which will be subsidized rental apartments, on 18,000 sqm of living space. The seller is Instone. The transaction is being carried out as an [...]

Stuttgart: Hines buys Allianz-Campus

19/12/2018 Officefirst has sold the Allianz Campus on Reinsburgstraße in Stuttgart to Hines, as reported by the “Immobilienbrief Stuttgart”. The purchase price, according to TD research, was just under €340mn. BNP Paribas Real Estate had a mandate to broker the sale. The property offers 89,000 sqm lettable space and has been used by Allianz. A move is planned for [...]

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 [...]