Europa Capital’s value-add fund acquires office repositioning opportunity in Germany

Europa Capital, the Pan-European real estate investment manager, in partnership with ACCUMULATA Real Estate Investment Management, has acquired the Horizon II office building in Stuttgart-Vaihingen, the R&D capital of Germany, on behalf of its latest value-add fund, from a property company managed by JP Morgan Asset Management.

Comprising 18,000 square meters (193,750 square feet) of office space, the almost fully occupied office building has a weighted average lease term of only one year, providing Europa Capital with the opportunity to quickly reposition the building once all tenants have vacated. Works are expected to start in summer 2022 and will involve a complete renovation of the building, improving the office space, façade and underground parking, as well as enhancing its sustainability credentials.

The property is located on Synergie Park, where more than 20,000 people are currently employed and is in close proximity to the autobahn, underground and S-Bah