Valad Europe, part of Cromwell Property Group, a global real estate Investment Manager,
has leased 3,937m² of space at Technologie und Innovationspark in Ottobrunn, Bavaria to
Carl Stahl Süd GmbH, a global supplier of technical equipment to the construction sector
with 1,650 members of staff. The building is in the V+ Germany fund.
Carl Stahl Süd has signed a 15 year lease on 2,817m² of warehouse space, 1,120m² of
office space and 50 parking spaces at the 13,240m² property which was built in 1979 and
refurbished in 2004. Other tenants include Flugzeug-Union Süd, a subsidiary company of
The building is located in Ottobrunn, south-east of Munich, and has
excellent transport links to the A8 and A99 motorways. The high-tech location is home to
several renowned companies from the aeronautical industry.
Thomas Gurski, Valad Germany’s Head of Asset Management, commented: "This is a good
long-term letting on a strong covenant to an occupier well-suited to the surrounding area. As
part of the deal, we will complete a refurbishment of the space to ensure it meets the
tenant’s requirements and to bring it into line with the local market.”
Tobias Kehrer, Managing Director at Carl Stahl Süd, commented: “We have been operating
out of Munich for more than 100 years and were looking for larger, more up-to-date premises
in the same part of Germany to accommodate our growing business. Technologie und
Innovationspark Ottobrunn provides that and we are looking forward to being close to many
BNP Paribas advised Valad Europe on the letting.
With a team of 38 in Germany, operating out of offices in Berlin, Düsseldorf, Frankfurt,
Hamburg and Munich, Valad Europe manages approximately €420m of assets and 580
tenants, occupying approximately 790,000m² of space in Germany.