Cannstatter Carreé, Stuttgart, Germany
Cannstatter Carreé, Stuttgart, Germany
Location: Cannstatter Carreé, Stuttgart, Germany
Size: 37,300 sq m
Sector: Office
Rationale for Purchase:
The multi-tenanted Cannstatter Carré shopping centre represents an income producing investment in one of the Fund’s main target sectors, with potential for turnover rents. Anchors are Kaufland, Lidl, H&M, C&A, Muller.
Value can be added through the lease up of the core-plus offices in a stable market.
The property provides high quality shopping centre in an under-supplied location.