Real Estate has acquired the Milestone 5c office development in the centre of Freiburg from the project's developer, Strabag Real Estate.
The property is a six-storey office building with an additional recessed storey and a single-level underground car park to be constructed on Heinrich-vonStephan-Strasse in direct proximity to the central railway station of Freiburg.
The scheme, with a gross lettable area of 7,711 square meteres, is scheduled to be completed by the second quarter of 2023. The basement will include 64 car parking spots and operations rooms. A two-storey day nursery will occupy certain sections on the ground floor and the floor above.
The property has already achieved a pre-let ratio of over 90%, with public sector tenants accounting for 65% of the space, among them the state-owned enterprises Bundesbau Baden-Württemberg and Vermögen und Bau BadenWürttemberg. Other tenants include the German Red Cross. The property already has a DGNB Gold certification.
Source: Propertyeu.info on the 22th of November 2022
https://propertyeu.info/Nieuws/HIH-Invest-picks-up-Freiburg-office-scheme/1d796a9c-13c5-4b53-99d1-56bdaa1d9567