E & G brokers light industrial investment in the Stuttgart economic region
STUTTGART / 01.12.2021
A Wörwag Group property company has sold a light industrial investment in Korntal-Münchingen to a Swiss institutional investor.
The premises, which include an approximately 20 000 m² plot and a total usage area of around 15 180 m², are occupied by a company in the chemicals segment which has a long-term lease.
The buildings were completed in 2019 and the office complex has already won several prestigious interior design prizes for its layout. The production buildings meet all the regulatory requirements for chemicals applications.
The vendor took legal advice from Stuttgart-based law firm Friedrich & Kensbock Rechtsanwälte Partnerschaftsgesellschaft mbB regarding the transaction, while the E & G Real Estate Industrial & Logistics team, a member of German Property Partners (GPP), was awarded the exclusive commission to sell the property, successfully accompanying the transaction from start to finish and to the vendor’s full satisfaction.