TD News International Location: Stuttgart

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 [...]

Development Partner builds tech center for 3,500 IBM employees near Stuttgart

15/04/2019 Gateway subsidiary Development Partner is building a new technology center for IBM at their headquarters in Ehningen near Stuttgart. A new structure with 42,000 sqm lettable space for 3,500 employees is to be developed on the 6.9 ha project site by 2021. In Ehningen the IBM group’s two locations Böblingen and Ehningen will be consolidated. [...]

Stuttgart: PlanQuadrat buys land for health campus

08/04/2019 Stuttgart’s city council gave the green light in mid-March for the sale of a nearly 3,000 sqm lot near the Mineralbad Berg thermal spa in the east of Stuttgart to PlanQuadrat. The developer had won the investors’ competition for the health campus planned at that location back on 2016. Directly adjacent to the spa, they plan [...]

Stuttgart: LBBW buys office building in Vaihingen

28/02/2019 LBBW Immobilien acquired the “Global Office” office building in Stuttgart at the end of 2018. The building, located at Hauptstraße 41 in the city’s Vaihingen district, has approximately 5,300 sqm of office space and 36 underground parking spaces, and is fully let. It was built in 2008. BW Partner Bauer Schätz Hasenclever Partnerschaft is the [...]

Stuttgart: Berlin Hyp finances Lautenschlager complex with €55.7mn

22/02/2019 Berlin Hyp is issuing LBBW Immobilien Management a loan of €55.7mn for refinancing and refurbishing the Lautenschlager complex in Stuttgart. The loan has a ten-year term and is financing an ensemble of four buildings. In the first phase of construction, two new structures were built and one existing building renovated by the end of 2017. [...]

Stuttgart: Software firm leases 25,000 sqm from Wöhr+Bauer

19/02/2019 Wöhr+Bauer has completely leased the office building “W9” planned in Stuttgart-Weilimdorf before the start of construction: The software firm Vector Informatik has signed a long-term lease for 25,000 sqm. Completion of the six-story structure designed by wma Architekten is anticipated for Q2 of 2021. Colliers International Stuttgart advised on the lease. Apart from the lot on Weissacher [...]

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 [...]