Stuttgart: LC buys 9,000 sqm office building in Weilimdorf
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. The multi-tenant structure built in 1995 has about 9,000 sqm office space as well as 120 underground and open-air parking spaces. It is currently over 80 % leased, tenants include Peta Deutschland as well as architects and engineering services providers. LC feels that the asset has “distinct value-add potential”.
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