NAS buys Nuremberg Air Campus for €120mn

02/07/2019

NAS Invest is acquiring the Air Campus in Nuremberg for around €100mn, with total investment costs expected to reach around €120mn. The property, located in the Nordostpark business district on Thurn-und-Taxis-Straße, has over 50,000 sqm of lettable space. Its main tenants are companies from the automotive industry and consulting firms. NAS describes the Air Campus as a core plus property with potential for value appreciation. NAS intends to extensively modernize the campus and let the few remaining vacant spaces. The buyer was advised by Arcadis and the law firm Mitteltein Rechtsanwälte; the seller was advised by White & Case and Nexus Capital Advisors.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.