Stuttgart, May 20, 2014

Vienna-based Investor FLE GmbH has acquired the office building “Compas” in Stuttgart for its Luxembourg fund FLE SICAV FIS for about 40 million euros. The building is the seventh acquisition of FLE GmbH so far for one of its real estate funds in Austria and Germany in 2014. Purchase volumes of these funds are ranging from 3 to 40 million euros and include commercial properties across the entire German market and Austria.

The seller is the open real estate fund “Euroinvest” of UBS. Completed in 2003, the office complex in Löffestraße 42, 44 and 46 has approximately 19,000 square meters of rentable space and is leased to well-known tenants such as Deloitte, PKF, Roland Berger and Capgemini.

Colliers International Stuttgart acted as intermediary in the transaction.