Stuttgart: DFH acquires office building for €25.7mn
Deutsche Fonds Holding AG, Stuttgart, has acquired the office building at Friedrichstrasse 22 in the Mitte district of Stuttgart. It quoted the purchase price at approximately €25.7mn. The property was built in 1992 and has some 10,300 sqm of lettable area which is rented until the end of 2020 to Dresdner Bank AG. The bank is using the building as an administrative center. The building is to be integrated into a closed property fund that is to be put on the market in fall, 2008.