PRESS RELEASE
FLE sells property in Freiburg
Vienna / Freiburg, July 23, 2018. One of the FLE GmbH-managed real estate funds domiciled in Vienna is selling a 5,500 m² multi-tenant office and commercial building in Freiburg – Germany, to the Munich-based investment manager Catella Real Estate AG.
The centrally located object is characterized by its versatile use. Thus, in addition to office space, which is also occupied by DAK, it also has retail space leased to the local utility Edeka. Freiburg Central Station is just 500 meters away, and the A5 motorway, which connects Breisgau to the rest of the Republic as the north-south axis, can be reached in just 5 minutes.
“The acquisition in Freiburg enabled us to diversify our portfolio even more. The versatile economic attractiveness of Freiburg, in conjunction with an existing tenant mix, make the building extremely attractive for us. We plan to further expand our portfolio this year”, says Henrik Fillibeck, CEO of Catella Real Estate.
The commercial building is now the seventh property of the Investment Fund, which specializes exclusively in the region of Southern Germany. The fund concept is based on that of its predecessor, the “Immo-Spezial – Wirtschaftsregion Süddeutschland”. Investments in A and B locations in Bavaria and Baden-Württemberg with the focus on office space, retail, logistics and housing as an admixture will continue to be on the shopping list of the Investment Fund. Investors are pension funds, pension insurance and savings banks.
Colliers International’s Office Investment B & C Cities team acted as an intermediary and consultant. The buyer’s legal advice was provided by the Munich law firm Liphart Probst & Partner (GLP).
***
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.
Press contact:
Eva Maria di Lenardo
FLE GmbH
Palais Kinsky
Freyung 4/12, 1010 Vienna, Austria
office@fle.co.at
Tel.: +43 1 53202110