DLA Piper advises Aviva Investors on acquisition of Stuttgart office building

DLA Piper has advised Aviva Investors, the global asset management business of British insurance company Aviva plc, on the acquisition of the Rotebühlstrasse 121 office building in Stuttgart for one of its clients.

Built in 1994, the property offers a total of 14,750 square meters of flexible office space and high-quality rental space. The office complex is located in the center of Stuttgart, directly at the Schwabstrasse S-Bahn station, and offers good connections to Stuttgart's main train station and airport. The property is fully rented to several well-known companies.

Aviva Investors had identified Stuttgart as one of the top cities with long-term perspectives for rental development in a Europe-wide survey of the most attractive office markets and tech hubs.

Aviva Investors is the global asset management business of Aviva plc. It operates in 14 countries across Asia Pacific, Europe, North America and the United Kingdom and had GBP346 billion in assets under management as of June 30, 2019.

The DLA Piper team, led by partner Fabian Mühlen (Real Estate), included partner Dr Marie-Theres Rämer (Tax), senior associates Sonja Beier (all Frankfurt) and Philipp Moser (Munich) as well as associates Vanessa Brückner (Cologne, all Real Estate) and Anastasia Max (Tax, Frankfurt).