In­vest­corp gets into Ger­man real es­tate

The National - News - - BUSINESS -

In­vest­corp, a man­ager of al­ter­na­tive in­vest­ment prod­ucts, an­nounced yes­ter­day that to­gether with Con­tin­uum Cap­i­tal In­vest­ment Man­age­ment, Frankfurt, it had pur­chased Ger­many’s Buro­cam­pus Wan­gen (“the Cam­pus”) from BEOS Cor­po­rate Real Es­tate Fund Ger­many I, which is man­aged by BEOS, for ap­prox­i­mately €80 mil­lion (Dh363.62m). The ac­qui­si­tion rep­re­sents In­vest­corp’s first real es­tate in­vest­ment in Ger­many. Buro­cam­pus Wan­gen is a mod­ern of­fice cam­pus si­t­u­ated promi­nently in the com­mer­cial area of Stutt­gart. The Cam­pus is com­prised of a num­ber of mixed-use build­ings to­talling about 500,000 square feet and houses some well-known ten­ants, pre­dom­i­nantly tech­nol­ogy-driven and au­to­mo­tive com­pa­nies.

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