Deka Immobilien has acquired a further office property in Stuttgart for the new Domus Megatrends Europa special fund. After purchases in Dublin and Madrid, the property is the third investment for the fund under development. The property was sold by Barings. The parties agreed not to disclose the purchase price.
The five-storey LEO Business Campus Bauteil E office building was completed in 2019. It has more than 8400 square metres of rentable space as well as 102 parking spaces, and is fully leased to two creditworthy users on a long-term basis. The main tenant is GMG Generalmietgesellschaft, a subsidiary of Deutsche Telekom. The property is located in the northern city area of Stuttgart in the district of Bad Cannstatt, an established office location with very good transport connections. It has been certified with the DGNB’s Gold quality mark for sustainable building.
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