La Française Real Estate Managers (REM) has acquired an office building in Bochum, Germany from Landmarken.

La Française REM, acting on behalf of its funds, said it has bought the six-storey office building located at Suttner-Nobel-Allee 7 for an undisclosed amount.

The fully-leased 5,290sqm building was completed at the end of 2022.

Mark Wolter, managing director of La Française Real Estate Managers Germany, said: “We are pleased to have acquired our first office building in Bochum.

“This acquisition is perfectly in line with our strategy to diversify our German real estate portfolio with properties that perform very well in terms of ESG criteria, as well as to expand our footprint in economically strong regions and urban centres other than the ‘top seven’.”

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics