Indigoinvest Holding GmbH & Co. KG
Projektübersicht

Mannheim | GDS 10

address
Gottlieb Daimler Straße 10, Mannheim
project
Kernsanierung
total area
8,656 sqm
parking
145
main use
Office
acquisition
2012
sale
2013

8,656

This 10-floor high office property from 1972 with 8,656 sqm space is located in an excellent office location in the centre of Mannheim

This 10-floor high office property from 1972 with close to 9,000 sqm space is located in an excellent office location in the centre of Mannheim. The property has recently been stripped down to its concrete skeleton and subsequently been developed to an upscale standard. The complete redevelopment has been conducted under the premise of sustainability. A green building certificate (DGNB – silver) has been awarded. The very efficient floor plans in combination with a clear height of 2.9 m as well as the possibility of subdivision into letting space from 300 sqm upwards offer a highly flexible usage concept for the tenants.

The acquisition process of the property included besides the usual due diligence and negotiations with the seller also the finalisation of a leasing contract with a tenant for 75% of the space as well as a complete construction contract with a general contractor. The transaction was completed with full equity within 6 weeks. The remaining vacant areas have been let prior completion of the redevelopment works.

The building has been sold to AXA Investment Managers – Real Assets after completion and letting of the entire building.