Investor FLE GmbH has acquired an office building in Bie-lefeld-Mitte in a newly developed commercial and residential area from an in-vestment company represented by Augsburg-based PATRIZIA Immobilien AG. This is the fourth acquisition in 2014 so far for a newly launched special fund with a total investment volume of €110 million.
Vienna-based FLE GmbH is currently reinforcing its position with investments in 2-8 million properties across the overall German market for a special fund established in the 4th quarter of 2013 and based in France. In Bielefeld, a four-storey office build-ing, built in 2005, with an area of over 5,000 m2 and a total of 98 parking spaces was selected. The entire building is leased to the Institute for Federal Real Estate on a long-term basis.
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