FLE acquires real estate in Southern Germany
Vienna, 10 January 2017. FLE GMBH, a company of the LFPI Group, purchases two real properties in Southern Germany from different sellers for their special fund based in Luxemburg. Therewith, FLE GMBH is still active as a purchaser and seller on the German market and expands at the same time in Central and Eastern Europe.
Colliers International München worked as an advisor for both acquisitions. Both parties have agreed not to disclose the purchase price as well as further details of the transaction.
The first asset is a fully rented office and medical centre in Würzburg with approximately 4.400 square meters of rental space and built in 2013. The building is located in an emerging office location on Schweinfurter Straße. Siemens is the property’s anchor tenant and, additionally, there is a well-diversified medical centre. Dr. Alexander Klafsky, managing director of FLE GMBH, explains as follows: “It is a safe investment for our special fund in one of the most dynamic regions of Germany that will yield a stable cash flow in the long term.”
The other purchased real estate is a commercial property in Fürth with a net rental area of approximately 25,500 square meters. As a significant value driver, the property comprises a plot of almost 37,000 square meters. The property is fully rented to several companies with different types of use. “For us, the excellent distribution of tenants, the short-term potential for rent increases and the opportunity to use the property for long term residential purposes are attractive to us”, Alexander Klafsky says.
In addition to the recently intensified activities in Hungary and Poland, Germany will continue to be an important growth market for FLE GmbH – as in the last ten years. Further purchases in Germany are planned for 2017 as well.
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 more than three billion Euro of assets 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 two to fifty million Euro per asset in Germany, Austria, and CEE.
Eva Maria Kamedler
Freyung 4/12, 1010 Wien, Österreich