Sonar Real Estate has completed the letting of the Hedderich Quartier in Frankfurt am Main. The property, situated at Hedderichstrasse 51-61, is part of the portfolio of the Stuttgart Insurance Group’s Stuttgart Real Estate Special Fund (SIS). Sonar is the asset manager of the property.
Sozietät Peterschik & Kollegen and Gunzelmann & Coll. Sachsenhäuser Steuerkanzlei have taken the last remaining vacant space in the complex. The legal and tax firms have taken a joint long-term lease on approximately 280 square metres of offices. JLL provided advisory services to the property owner during the leasing process.
The “Hedderich Quartier”, built during the Wilhelminian period, was extended in 2000. The original sections dating from 1884 (street numbers 55-57 and 61/61a), are listed buildings. The complex provides a total lettable area of some 4,900 square metres, principally office and surgery space. Other tenants include Capitell Vermögens-Management, Heim Honermeier Beratungsgesellschaft, Oberberg Tagesklinik und Brand International. The complex also incorporates three residential units and a kindergarten.
The SIS fund, launched by Institutional Investment Partners for the Stuttgarter Insurance Group, primarily invests in office, logistics, retail and hotel properties throughout Europe. Sonar Real Estate is exclusively responsible for acquisition and management of the properties in Germany. JLL advised the owner on the letting.
