Catella acquires office building in Stuttgart for property fund

Catella acquires office building in Stuttgart for property fund

Published at: 2018-01-11 10:21 | Author: CIJ Europe
Catella Real Estate has acquired an office property in Stuttgart for its IWS II fund. The purchase price was not disclosed. The building is located in Stuttgart-Feuerbach and offers approximately 10,600 sqm of office space. The main tenant is Robert Bosch. The seller of the property is the Oslo-based German property AS. Catella was advised by DLA Piper. Arcadis Germany acted as the technical service provider. Cushman & Wakefield and Colliers were also involved in the transaction. The IWS II fund focuses on investments in A and B locations in Bavaria and Baden-Württemberg. Its target equity ratio is €150m.

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