La Française REPI completes sale of Thales office campus in Stuttgart-Ditzingen on behalf of Samsung SRA
After a five-year holding period, La Française Real Estate Partners International, acting on behalf of Samsung SRA, has completed the sale, via a share-deal, of the office campus situated on Thalesplatz in Stuttgart-Ditzingen, Germany to an investment vehicle managed by Antirion, an independent Italian asset management company. For Samsung SRA, this is the first sale of a German office property.
The office campus, comprised of four buildings and a multi-storey car park, offers ca. 58,000 m² of lettable area and is currently let on a long-term lease to Thales Immobilien Deutschland GmbH. Thales Group is a market leader in the fields of aerospace, security and transportation.
The seller was advised by La Française Real Estate Partners International, the law firm Ashurst, Colliers International Deutschland GmbH and BNP Paribas Real Estate GmbH.
Jens Goettler, Managing Director of La Francaise Real Estate Partners International - Germany said: “This was one of SRA’s first acquisitions in Germany. It was also one of the very early transactions completed on behalf of South Korean investors in the market. Today, South Korean investors are an important and established part of the investor community and are very active in the country. The 5-year business plan has now been completed with the successful sale of the asset. The market interest in this quality property with a long lease to a strong covenant, located in a prosperous location in the Stuttgart region was strong. With Antirion, we found an investor with a long-term view and a great partner for the tenant.”