Catella Real Estate has acquired an office property in Stuttgart for its IWS II fund. The purchase price was not disclosed. The building is located in Stuttgart-Feuerbach and offers approximately 10,600 sqm of office space. The main tenant is Robert Bosch. The seller of the property is the Oslo-based German Property AS. Catella was advised by DLA Piper. Arcadis Germany acted as the technical service provider. Cushman & Wakefield and Colliers were also involved in the transaction. The IWS II fund focuses on investments in A and B locations in Bavaria and Baden-Württemberg. Its target equity ratio is €150m.
