HIH Invest Real Estate just acquired the MILESTONE 5c office development in a central location of Freiburg. It involves a six-storey office building with an additional recessed storey and a single-storey underground car park that will be constructed on Heinrich-von-Stephan-Strasse in direct proximity to the central railway station of Freiburg.
The property, under development by STRABAG Real Estate, is scheduled to be completed by the second quarter of 2023. Its gross lettable area will add up to 7.711 sqm. The basement will include 64 car parking spots and plant 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 percent, with public-sector tenants accounting for 65 percent thereof – among them the state-owned enterprises Bundesbau Baden-Württemberg and Vermögen und Bau Baden-Württemberg. Other tenants include the German Red Cross. The property already has a DGNB Gold certification.
Source: https://hih-invest.de/de/pdf/?url=https%3A%2F%2Fhih.de%2Fen%2Fwpfb-file%2F2022_11_22_pm_hih-acquires-office-development-in-freiburg_2-pdf%2F, on 7 December 2022