IBM HERRENBERG

ibm-herrenberg
Am Fichtenberg 1, 2 & 3, D-71083 Herrenberg (Stuttgart)
Year acquired 2012
Acquisition price 8.5m Euros
Size (sqm) 24,800
Year sold 2016
Sale price 24.0m Euros
IRR 36.9%

DESCRIPTION

The property was completely reconstructed for office use with up to 5 levels including 2 underground levels enjoying natural light because of their hillside situation.

 

MACRO

Stuttgart, the capital of the federal state of Baden-Wuerttemberg, is an important location for the printing and media industries as well as for the stock exchange and trade fairs. Stuttgart area has the highest density of scientific, academic and research institutes throughout Germany

 

TENANT INFORMATION

IBM Germany operates an office building and a training center, which is very close to IBM Germany headquarters