PRESS RELEASE
Vienna/Stuttgart, February 10, 2022
FLE acquires office building in Kornwestheim near Stuttgart
Austrian asset manager FLE GmbH has acquired the Eastleighstraße 50-52 property in Kornwestheim near Stuttgart. The property, built in 1992, is located directly next to the Kornwestheim S-Bahn station and has 6,700 m² of rental space as well as an underground parking garage with 109 parking spaces. FLE GmbH has contributed the property to the real estate fund FLE SICAV FIS and will develop it further in the long term.
The parties have agreed not to disclose the purchase price and further details of the transaction.
Dr. Alexander Klafsky, Managing Director of FLE GmbH: “With the acquisition in Kornwestheim we are once again confirming our confidence in office properties of sustainable value that are located in regional conurbations of major cities. Eastleighstrasse 50-52 fits perfectly into our investment strategy and offers further potential in the coming years. The Stuttgart economic area has been an interesting investment market for us for years.”
The transaction was exclusively brokered by E&G Real Estate, a member of German Property Partners (GPP), with legal advice provided by the law firms Luther and GSK Stockmann.
About FLE GmbH
Founded in 2007, Vienna-based FLE GmbH is part of the French LFPI Group, an independent international multi-asset manager with nearly fourteen billion euros in assets under management.
FLE GmbH acts as investment advisor to real estate funds investing in commercial real estate in Germany, Austria and CEE. The largest real estate fund, FLE SICAV FIS, listed on the Luxembourg Stock Exchange, has a real estate portfolio of approximately 3.2 billion euros.
Press contact:
Anna-Maria Schlintner
FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Vienna, Austria
office@fle.co.at
Tel.: +43 1 53202110