Accel Real Estate has recently acquired an office building in Germany. The property is located on the Europastrasse 3 in Neustadt an der Weinstrasse, between Mannheim and Karlsruhe.
Europastrasse 3 in
Neustadt an der Weinstrasse.
The lettable area is almost 1.900 m² and there are approximately 40 parking spaces available on site. The property is fully let to five tenants. Seller is a private investor.
The property is acquired for Accel Germany Fund N.V., which will invest for €60 million in German commercial real estate.
Source: Accel Real Estate