La Française Real Estate Partners International (LF REP International) has acquired the “Porticon, an eight-storey office building located in the “Lowentorzentrum” office park at Presselstrasse 17, directly adjacent to Stuttgart’s city center.
La Française Real Estate Partners International (LF REP International) has acquired the “Porticon, an eight-storey office building located in the “Lowentorzentrum” office park at Presselstrasse 1The city of Stuttgart is located in the heart of one of the most innovative high-tech regions in Europe and strongest export regions in Germany.7, directly adjacent to Stuttgart’s city center.
The building, constructed in 2002/2003, offers total floor space of approximately 11,150 m2 and provides flexible office layouts that subdivide down to units of 500 m2. The building is currently let to Deutsche Bahn Group, an international supplier of mobility and logistics services, under a long-term lease.
Jens Goettler, Managing Director-Germany, La Française Real Estate Partners International, said: “This is our second acquisition in Stuttgart. It is one of the most attractive sub-markets in Stuttgart because of the excellent access to public transportation. As the European Quarter continues to develop, pushing the city center North, the location will further improve. Porticon provides us with further diversification of La Française’s collective real estate investment vehicles.”
The broker was Colliers International Stuttgart.