{"id":1924,"date":"2018-02-14T14:27:13","date_gmt":"2018-02-14T13:27:13","guid":{"rendered":"https:\/\/www.gieag.de\/?p=1924"},"modified":"2024-04-25T11:23:03","modified_gmt":"2024-04-25T09:23:03","slug":"gieag-acquires-office-property-in-stuttgart-with-potential-for-innovation","status":"publish","type":"post","link":"https:\/\/www.gieag.de\/en\/gieag-acquires-office-property-in-stuttgart-with-potential-for-innovation\/","title":{"rendered":"GIEAG acquires office property in Stuttgart with potential for innovation"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]GIEAG Immobilien AG (GIEAG) has expanded its portfolio of commercial properties with the acquisition of the office property Neckartalstra\u00dfe 131 in Stuttgart.<br \/>\nThis property has around 5,000 m2 of rental space and was previously used by the owner.<br \/>\nGIEAG had the purchase agreement for the property notarized last year, and it has been agreed not to disclose the seller and the purchase price. Ellwanger &amp; Geiger Real Estate GmbH, a member of German Property Partners GPP, acted as the estate agent.<\/p>\n<p>The property was built in 1992 and has a ground floor, two upper storeys and a staggered storey. It is located in the second row of Neckartalstra\u00dfe and was fully used as an office property until recently. It has an excellent traffic infrastructure thanks to its connections to both public transport as well as the B10 dual carriageway. Stuttgart\u2019s main train station can be reached by public transport in just 15 minutes.<\/p>\n<p>Thomas M\u00e4nnel, a member of GIEAG AG\u2019s Managing Board, pointed out the excellent development potential for this newly acquired property:<\/p>\n<p>\u201cThe property is in a highly attractive location and is in excellent condition. We aim to sustainably develop the property we have acquired and increase its value over the long term. As part of our conscientious due diligence we are currently reviewing various possibilities for its use that would be possible after we have revitalised the property,\u201d commented Thomas M\u00e4nnel.<\/p>\n<p>GIEAG is a family-run Munich based, public limited real estate company. Shares of GIEAG Immobilien AG are traded on the Munich stock exchange. GIEAG\u2019s team of experts guarantees innovative and future-proof concepts. The combination of three asset classes \u2013 office, residential and logistics \u2013 and its two areas of activities \u2013 development and investment \u2013 means that the company has a stability that is unique on the market. During the past 18 years GIEAG Immobilien AG has developed and optimised a large number of real estate projects ranging in size from between 1,500 m2 to 145,000 m2 and with individual investment amounts of up to EUR 80 million. A partner-like approach, consistency, secure transactions and speed for the basis of GIEAG\u2019s sustainable value growth.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]GIEAG Immobilien AG (GIEAG) has expanded its portfolio of commercial properties with the acquisition of the office property Neckartalstra\u00dfe 131 in Stuttgart. This property has around 5,000 m2 of rental space and was previously used by the owner. GIEAG had the purchase agreement for the property notarized last year, and it has been agreed not [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[93],"tags":[],"class_list":["post-1924","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GIEAG acquires office property in Stuttgart with potential for innovation - GIEAG<\/title>\n<meta name=\"description\" content=\"GIEAG Immobilien AG (GIEAG) has expanded its portfolio of commercial properties with the acquisition of the office property Neckartalstra\u00dfe 131 in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gieag.de\/en\/gieag-acquires-office-property-in-stuttgart-with-potential-for-innovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GIEAG acquires office property in Stuttgart with potential for innovation - 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