Barings buys C&A building in Erlangen
Barings Real Estate has acquired the retail building Rathausplatz 4 in Erlangen for the Stuttgarter Immobilien-Spezialfonds (SIS-Fonds) of insurance group Stuttgarter Versicherung. The seller is a joint venture of Värde Partners and Accom, for whom JLL brokered the deal. Barings was legally advised by GSK Stockmann Rechtsanwälte. The structure was built in 1970 and thoroughly refurbished in 2012. It has about 5,700 sqm lettable space, all of it leased long-term to C&A.
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