La Française Real Estate Managers acquires office asset in Nuremberg

22 September 2022

This content is for professional investors only as defined by the MiFID.

La Française Real Estate Managers (REM), acting on behalf of a collective real estate investment vehicle, has acquired an office building with a surface area of ca. 4 800 m2 in Nuremberg from property developer “te management GmbH”.

The office building is located at Hansastraße 33 in Hohe Marter, a business district in southwestern Nuremberg and is easily accessible via public transportation with Nuremberg’s main train station only tent minutes away by subway line 2.

The building was completed in 2020 and boasts good energy performance credentials with a DGNB Gold certification. The property also features an innovative and sustainable energy concept with an ice-storage system for cooling and heating.

The 6-story office building (R+5) is fully leased under a long-term lease to a single tenant, Küchen Quelle Holding GmbH, a kitchen design company.

Mark Wolter, Managing Director of La Française Real Estate Managers Germany, commented, “We are pleased to have acquired our first office building in Nuremberg; our second acquisition in Nuremberg in under a month. This acquisition is perfectly in line with our strategy to diversify our German real estate portfolio with properties that score very well on environmental, social and governance criteria. We are convinced of the property's long-term attractiveness and innovative energy concept.”

La Française Real Estate Managers was advised by Görg on the legal aspects, TA Europe GmbH on the technical due diligence and CBRE GmbH on ESG issues. Stonedeal GmbH advised the vendor.  

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