The Catella Real Estate AG (CREAG) acquired office property in Stuttgart, Wiener Straße 42-46.
The Catella Real Estate AG acquired for the special fund IWS II its fifth property at the turn of the year. The fund has its focus on investments in Bavaria and Baden-Wuerttemberg.
The building is located in Stuttgart-Feuerbach and offers office space of approx. 10,600 sqm. The main tenant is the Robert Bosch GmbH. The seller of the property is the German property AS, based in Oslo, Norway. Catella Real Estate AG was legally advised by DLA Piper. Arcadis Germany GmbH acted as the technical service provider. In the transaction involved were Cushman & Wakefield LLP and Colliers International Deutschland GmbH.
The second Catella special fund IWS II with focus on south Germany is currently managing four properties. The fund IWS II has its focus on investments in A-and B-locations in Bavaria and Baden-Württemberg. Further purchasing opportunities are being examined. In addition to office, retail and logistics and, to a small extent, residential properties are on the shopping list of the fund. Pension funds and saving banks are investors of the fund. The target equity ratio is EUR 150 million.
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