Europa Capital, the pan-European real estate investment manager, in partnership with ACCUMULATA Real Estate Investment Management GmbH (“ACCUMULATA Real Estate”), announces the acquisition of the Horizon II office building in Stuttgart-Vaihingen, the R&D capital of Germany, on behalf of its latest value add fund.
Comprising c. 18,000 sq m of office space, the almost fully occupied office building has a WALT of only one year, providing Europa Capital with the opportunity to quickly reposition the building once all tenants have vacated. Works are expected to start in the summer of 2022 and will involve a complete renovation of the building, improving the office space, façade, underground parking, as well as enhancing its sustainability credentials.
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