IBM HERRENBERG
Year acquired | 2012 |
Acquisition price | 8.5m Euros |
Size (sqm) | 24,800 |
Year sold | 2016 |
Sale price | 24.0m Euros |
IRR | 36.9% |
Year acquired | 2012 |
Acquisition price | 8.5m Euros |
Size (sqm) | 24,800 |
Year sold | 2016 |
Sale price | 24.0m Euros |
IRR | 36.9% |
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