Düsseldorf – Office investor Alstria has sold a property in downtown Stuttgart comprising some 8,900 square metres of space to SV SparkassenVersicherung. The building at Rotebühlstraße 98-100 changed hands for a price of around EUR 64.5 million. The centrally located property has recently been comprehensively upgraded to make it more energy-efficient and is fully let. The main tenant is Horváth & Partners, an international management consultancy, which occupies the building on a long-term lease as its headquarters.
A CMS team headed by lead partner Philipp Schönnenbeck advised SV SparkassenVersicherung on all legal and tax aspects of the transaction.
CMS Germany
Philipp Schönnenbeck, Lead Partner, Düsseldorf
Maike Füchtmann, Associate, Düsseldorf
Laura Johnsson, Associate, Düsseldorf, all Real Estate & Public
Thomas Gerdel, Partner, Düsseldorf
Dr Martin Friedberg, Counsel, Düsseldorf, both Tax
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