UBS Real Estate Investment Company Ltd. (UBS), headquartered in Munich has sold two office buildings in Frankfurt and Stuttgart to their open-ended fund UBS (D) Euroinvest Immobilien.
The property in Frankfurt am Main is located in the "City West" in the Franklinstr. 46-48 and has a floor space of around 14,000 m². The property was acquired in 2008. The main tenant is a well-known accounting firm. Purchaser of the property is a German insurance company.
The object in Stuttgart is located in the district Degerloch Löffelstr. 42, 44, 46, and comprises nearly 19,000 m². The plot is since 1999 in the inventory. In 2003, the object of UBS has been successfully developed and has as its main tenant is also a well-known accounting firm. The buyer is an investor based in Austria.
Source: UBS AG