HIH Invest has successfully sold the office property at Schweinauer Hauptstraße 80 in Nuremberg to TETRIS Grundbesitz AG. The transaction was completed as an asset deal, with the parties involved agreeing to keep the specific purchase price confidential. This sale underscores the ongoing movement within the office property segment in established locations.
The property is situated in an established office location in Nuremberg's Schweinau district. This area is characterised by its excellent connectivity, particularly its immediate proximity to the Hohe Marter underground station, which enhances the location's attractiveness for tenants and investors alike. The surrounding infrastructure contributes to the property's value stability.
Property Details and Tenant Structure
Built in 1961, the building offers a total rental area of approximately 4,900 square metres. Additionally, there are 88 parking spaces, which enhance user comfort. The property is currently almost fully let, highlighting its appeal and the demand for office space at this location. The stability of the tenancy and the associated cash flow security are a relevant factor for investors.
The property's tenant structure is diversified and includes various segments. Tenants include the Free State of Bavaria, an established tax consulting firm, and a nationally active law firm. This mix of public and private tenants contributes to the stability of income. The weighted average lease term (WALT) is approximately five years, offering a predictable outlook for the new owner.
Market Context and Transaction Conclusion
Daniel Asmus, Head of Transaction Management Office Germany at HIH Invest, commented on the successful completion of the sale. He highlighted that this transaction brought a structured marketing process to a successful conclusion. Asmus emphasised the role of the high occupancy rate, the broad tenant structure, and the established location in generating significant market demand. He contextualised the transaction within the current market, stating that there continues to be demand for high-quality office properties in attractive and central locations.
The marketing of the property was professionally managed by Colliers Nuremberg. Legal advice for this asset deal was comprehensively provided by the law firm McDermotts Will & Schulte Rechtsanwälte Steuerberater LLP, ensuring a smooth process for the entire transaction.
