HIH Invest Real Estate (HIH Invest) has now let 75 percent of its Löwentorbogen 11 fund property in Stuttgart. The City of Stuttgart is renting a further 3,000 square metres in the office building in the Bad Cannstadt district for the social welfare office for ten years, in addition to the 5,300 square metres of office space for the vehicle registration and driving licence office, which will move in in January 2025. This means it will occupy a total of 8,300 square metres in the property.
The fifth and sixth floors, each with just under 1,300 square metres, and a canteen on the ground floor measuring around 600 square metres are also available for rent. The space can be occupied from the beginning of 2025. The previous sole tenant, Deutsche Telekom, will move out of the building, which was constructed in 2013, at the end of 2024.
The six-storey, H-shaped office building was converted from a single-tenant to a multi-tenant property. In collaboration with the tenants, HIH Real Estate’s asset management team has redesigned the originally small office spaces to meet the latest standards and equipped them with state-of-the-art technology. The property offers around 11,000 square metres of office space on six levels.
“We are delighted that the City of Stuttgart is convinced of the qualities of the Löwentorbogen and has decided to lease a further 3,000 square metres. The property, which is as good as new, is easy to reach by car and public transport, is suitable for public transport and is barrier-free. It has ample parking facilities and a canteen,” says Markus Leuchte, Branch Manager Letting Frankfurt/Stuttgart at HIH Real Estate.
The office property is located in the Pragsattel area between Löwentorstrasse and Pragstrasse. The main railway station can be reached in around eight to ten minutes via several underground lines and the Pragsattel and Löwentor stops. The main railway station can be reached by car via the B14 in around ten minutes and the airport in around half an hour.
Colliers acted as the tenant’s agent.
