PRESS RELEASE

FLE buys two office properties from Aberdeen

The commercial real estate specialist FLE GmbH, a subsidiary of the French LFPI Group, has acquired two further properties with a total size of almost 11,000 square meters in Hannover and Nuremberg from Aberdeen Asset Management Deutschland AG for one of its special funds.

Both properties are high quality modern urban properties with a multi-tenant structure and a mix of office and retail.

The commercial property in Hanover with a size of about 5,100 square meters is located in the renown “Pelikanviertel” and consists of 3 buildings, which were built or completely refurbished in 1997. Due to the centrality of the assets and the favourable traffic situation, which is characterized by its excellent accessibility by public transport, the building has an equally diverse and high-credit tenant mix. The main tenant of the building is the IT company Fritz & Macziol.

The property in Nuremberg is a modern property dating back to 2001. It has a leasable area of ​​approximately 5,700 square meters and is leased to doctors and private service providers as well as retailers.

The funds managed by FLE GmbH are already owners of six properties in Hanover and Nuremberg. FLE continues to rely on these economically strong and stable office markets.

The two acquisitions conclude another extremely successful year for the FLE Group, in which the real estate portfolio in Germany and Austria was increased to 550 million EUR through six purchases and five very successful sales. The medium-term goal of the group remains a real estate portfolio in Germany and Austria of 1 billion EUR. The planned acquisition volume for 2016 is 150 million EUR.

 

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About FLE GmbH

FLE GmbH with its seat in Vienna was founded in 2007 and is part of the French LFPI group. LFPI is an independent international multi asset manager with almost four billion Euro of equity under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by LFPI group are owners of approx. 200 real properties with an estimated net value of more than two billion Euro.

FLE GmbH is investment advisor of several real estate funds. These funds target office and retail assets as well as low budget hotels with a purchase price from five to fifty million Euro per asset in Germany, Austria, and CEE.

 

Press contact:

Eva Maria Kamedler

FLE GmbH

Palais Kinsky

Freyung 4/12, 1010 Wien, Österreich

office@fle.co.at

Tel.: +43 1 53202110