Schroder Real Estate has acquired the former headquarters of electrical equipment maker Robert Bosch in Stuttgart for over €100 mln on behalf of a German separate account.

Schroder Real Estate has acquired the former headquarters of electrical equipment maker Robert Bosch in Stuttgart for over €100 mln on behalf of a German separate account.

The vendor was a closed-end fund managed by Balandis Real Estate.

The centrally located complex has a total leasable area of close to 40,000 m2 and is let to more than 50 tenants.

Balandis was advised on the transaction by JLL.

Schroder Real Estate manages a total fund volume of over €17.1 bn, spread across both open-and closed-end funds. The firm has offices in Frankfurt am Main, London, Jersey, Paris, Luxembourg, Stockholm and Zurich.