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.