DLA Piper has advised Catella Real Estate AG on its acquisition of an office property in Stuttgart for the special fund IWS II, from German Property AS, based in Oslo, Norway. The building in Stuttgart-Feuerbach has office space of approximately 10,600 square metres, and its main tenant is Robert Bosch GmbH.

The second Catella special fund, focussing solely on Southern Germany, manages four properties. Investors in the fund include pension funds, pension-scheme companies and savings banks, and the target equity ratio is 150 million euros.

The DLA Piper Real Estate team based in Munich advised Catella Real Estate on this acquisition under the leadership of partner Dr Martin Haller, who received advisory support from associate Dr Manuel Indlekofer and paralegal Astrid Gostic. Prior to the acquisition, the team led by Dr Martin Haller had repeatedly advised Catella Real Estate AG on previous transactions.