Vienna, 12. May 2017. FLE GmbH, specializing in commercial properties and a subsidiary of the French LFPI Group, has successfully sold a property in Germany for one of its special funds.
The property is located in Karlstraße 22-24 in Karlsruhe and was purchased by a private investor. The sale was made by FLE SICAV FIS, an investment fund managed by FLE GmbH Vienna. The parties agreed to maintain confidentiality about the purchase price and the identity of the buyer.
The fully let multi-tenant property was built in 1977 and purchased by FLE SICAV FIS in 2009. It comprises around 2.076 m² rentable floor space, with 7 rental units on a total of 5 levels, as well as 42 parking spaces. The main tenants are an ophthalmic practice, a law firm, education & training institutes, as well as a branch of the Santander Bank.
Dr. Alexander Klafsky, managing director of the FLE GmbH, commented on the latest transaction: „The asset exactly meets the chief criteria of our special funds: prime inner-city location in an attractive city in Baden -Württemberg. The successful sale reflects the present market dynamics and the intensive search for assets in top locations. FLE pursues a long-term, conservative investment approach, where it keeps and manages assets for a number of years to further develop their potential, before selling them. A vital part of our portfolio management is to find the perfect time of sale for the property, in order to guarantee high dividends for our investors.”
About FLE GmbH
FLE GmbH, founded in 2007 and based in Vienna, is part of the French private equity group LFPI (La Financière Patrimoniale d’Investissement) located in Paris. LFPI is a traditional French private equity group, which currently manages fixed assets worth over three billion euros. The LFPI Group is sponsored by Lazard, a global market leader in financial services and asset management since 1848.
FLE GmbH acts as an investment consultant for various special funds, focusing on office- and commercial properties, as well as low-budget hotels, with a total purchasing volume of up to 40 million euros per property. FLE manages assets with average volumes of eight million euros and eight to ten tenants. Investment locations include Graz, Vienna, Munich, Stuttgart, Düsseldorf, Hamburg and Leipzig.
Dagmar Regner, B.A.
Freyung 4/12, 1010 Vienna, Austria
Tel.: +43 1 53202110