Italian asset manager Antirion has acquired the German headquarters of Thales Group in Stuttgart for €244.5 mln, financed with a €147 mln five-year loan from DekaBank.
The building, providing over 50,000 m2, was bought for the Antirion Global fund, a closed-end vehicle underwritten by the Italian pension fund for doctors, Enpam. The asset was bought from the South Korean group Samsung SRA Asset Management.
The complex consists of four buildings, each of five storeys, as well as a multi-storey car park. It is fully let to Thales Group and boasts LEED Gold certification.
Colliers International and BNP Paribas Real Estate advised the vendor.
The acquisition is part of Antirion Global's diversification strategy. Last year the vehicle acquired a mixed-use property at 55 Wells Street in London for £65.5 mln (€74 mln). Historically known as Tasman House, the Fitzrovia property hosted a local court until 2016, when the former owner – Great Portland Estates – started demolition for redevelopment.
Antirion has already invested in Stuttgart. Earlier this eyar it teamed up with Italian insurer Poste Vita to acquire Königsbau Passagen, a mixed-use property located in Stuttgart city centre.
The acquisition was finalised with landlord Evans Randall for a price of €280 mln, according to sources familiar with the transaction.
