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Hines purchases Stuttgarter Tor complex

05 January 18 - RE+D Magazine
Hines purchases Stuttgarter Tor complex

COMPANIES

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

IBI Group

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Hines, the international real estate firm, has completed the acquisition of Stuttgarter Tor, a complex consisting of three 100-percent-leased office buildings and a fourth vacant obsolete building in Stuttgart, from a private seller.

 

Hines’ Stuttgart office advised HEVF on the acquisition, which was notably the first acquisition for Hines’ new flagship European value add strategy fund (HEVF).

With a prime location in the Feuerbach office submarket of Stuttgart, Stuttgarter Tor offers 14,822 square meters of modern office space.

The asset is effectively fully leased to a strong tenant base including Robert Bosch GmbH and law firm Menold Bezler.

The fourth, obsolete building in the complex presents a potential redevelopment opportunity for the investment.

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