DLA Piper has advised Schroders Real Estate on the acquisition of the former Bosch headquarters in Stuttgart. The seller is Balandis Real Estate. The overall investment volume of the transaction is in excess of 100 million euros.

The site consists of eight buildings in all with a total rentable floor space of just over 40,000 square metres, which is occupied by more than 50 tenants. The occupancy rate is 95 per cent. Schroders is acquiring the centrally located site in Breitscheidstrasse on behalf of an individual German client. Previously, the property was part of a three-country fund managed by Balandis.

Schroders Real Estate is an independent asset management company with experience dating back to 1804. With some 550 funds worldwide, 100 of which are domiciled in Luxembourg, Schroders is able to offer investors access to a wide range of asset classes.

The DLA Piper Team included partner Fabian Mühlen (Real Estate, Frankfurt), counsel Dr Sascha Morgenroth (Employment, Frankfurt), associates Marc Fellner (Tax, Frankfurt) and Carla Nicolai (Real Estate, Frankfurt) as well as transaction lawyers Tamara Schwenk and Konstantin Decker-Horz (all Real Estate, Frankfurt).