SFO Capital Partners and FOM Real Estate establish partnership for mixed-used value-add scheme in Stuttgart City-West
SFO Capital Partners, a London-based global real estate investor and investment manager, and FOM Real Estate, a German development specialist and asset manager, have formed a strategic partnership for the acquisition and repositioning of commercial assets in Germany. The pilot scheme is a prominent large-scale mixed-use asset located in Stuttgart, offering the opportunity for a full restructuring and refurbishment.
The nine-story high-rise landmark building is located in the Western inner city, directly situated on top of the underground suburban train station Schwabstrasse, comprising a leasable space of more than 16,000 square meters (172,223 square feet).
FOM Real Estate acquired the property in early 2021, by way of a sale-and-leaseback transaction. SFO Capital Partners now steps in subsequently as majority investor and unit shareholder of a closed-end fund that got incorporated recently. FOM Invest, as a German regulated KVG, is assigned to run the operations on b