Hamburg-based Union Investment Real Estate has acquired the Step 9 office building in Stuttgart-Vaihingen for its Immo-Invest: Europa institutional real estate fund, in a transaction worth some EUR 13 mln. The vendor of the property, which was completed in 2004, is CLS. Step 9 is an efficiently designed building with usable space of 5,240 m[sup]2[/sup] and is almost fully let. Union Investment has obtained a rental guarantee from the vendor for the remaining space.
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