La Française Real Estate Partners International acquires a prime office building in Stuttgart
December 8, 2016

La Française Real Estate Partners International acquires a prime office building in Stuttgart

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 acquires a prime office building in Stuttgart

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.

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About La Française Group

For forty years, La Française has been developing core competencies in third party asset management.

La Française has a multi-expertise business model organized around four core activities: securities, real estate, investment solutions and direct financing. The group caters to institutional and private clients throughout the world. 

With 639 professionals and offices in Paris, Frankfurt, Geneva, Hamburg, Stamford (CT, USA), Hong Kong, London, Luxembourg, Madrid, Milan, Seoul and Singapore, La Française manages €65.8bn in assets (as at 01/01/2019).

La Française is a forward-looking responsible investor and as such, incorporates tomorrow’s challenges into today’s investment strategy.

La Française is owned by Credit Mutuel Nord Europe (“CMNE”), a banking and insurance group present in Northern France and Belgium.