Real I.S. sells office property in Stuttgart for BGV III fund

Real I.S. has sold the Stuttgart office property OSWALD  for the specialised institutional real estate alternative investment fund (AIF) “BGV III”. Single tenant of the building with a total floor area of 9,356 square metres is Thieme, a global publishing group. The buyer and the transaction price will not be disclosed.

The OSWALD complex, built in 2003, is located at Oswald-Hesse-Strasse 48–50, in the Feuerbach submarket. Real I.S. had acquired the building for the “BGV III” fund in 2008 and was able to agree a long-term extension to the tenancy agreement with Thieme prior to disposal of the property.