German listed fund manager Publity has acquired a second asset for its alternative investments fund (AIF) publity performance fund no. 8.
The 6,000 m2 office property in the Greater Stuttgart area was completely modernised in 2015. The multi-tenant asset consists of two buildings on a 4,260 m2 plot, plus 102 underground parking spaces.
'With the purchase of the office building in one of Germany's most dynamic metropolitan regions we have made the ideal follow-on investment for our AIF fund No. 8,' said Frederik Mehlitz, CEO of Publity Performance.
Built in 1990, the property is located about 13 km west of Stuttgart in the provincial town of Leonberg.
Law firm CMS Hasche Sigle advised, while engineers Stoehr provided technical consultancy.
