HIH Invest Real Estate has expanded its German footprint with a strategically located multi-building complex.
The Flugfeld-Allee 12 location in Flugfeld Böblingen/Sindelfingen has been acquired from an institutional investor for an undisclosed price.
The deal encompasses a 30,000 m2 complex built in 2015 and features 9,703 m2 of office space, an 8,081 m2 R&D workshop, 1,628 m2 of dedicated storage areas, and a 1,039 m2 canteen.
A parking garage with 556 parking spaces and 31 outdoor parking spaces are available to employees on the property. A photovoltaic system on the hall roof is planned for the future.
HIH Invest secured a long-term lease extending over 15 years, with additional renewal options for up to 8 years.
Daniel Asmus, team leader of the transaction management office Germany at HIH Invest, said: ‘Our tenant really appreciates the base at the Böblingen/Sindelfingen airfield and has long-term plans for the location. In principle, the ensemble is very suitable for third-party use both as a whole and in individual parts.’
David Sanders, senior fund manager at HIH Invest, commented: ‘We are pleased that we were able to secure this attractive asset for the investor. The time is ripe for forward-looking investors to take advantage of opportunities and act countercyclically. With individual mandates we can react very flexibly to the current market situation. Our broad network enables us to find and exploit opportunities.’
The hub boasts seamless access via Autobahn 81 and the nearby Böblingen station, offering local and long-distance connections, while Stuttgart's airport and exhibition center are just 20 km away.
The property is nestled in a vibrant hub for offices, research, and residential living, which already houses 4,000 residents and 7,000 jobs. Sindelfingen is home to the world's largest Mercedes-Benz plant and over 40,000 automotive sector employees.
Baker Tilly (legal/tax), WITTE Project Management (technical), ea development (ESG), and BNP Paribas Real Estate (seller advisor) all advised on the deal.
