Industrial & Logistics Property. Stuttgart Region 2018.
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Industrial & Logistics Property. Stuttgart Region 2018.
Contents. Foreword....................................................................................................... 4 Facts & Figures............................................................................................. 6 Investments................................................................................................12 GPP-Market Data Germany 2017/2018................................................14 Your Contact Partners...............................................................................16 Our Services................................................................................................17 E & G Real Estate........................................................................................18 German Property Partners.......................................................................19
Foreword.
With a share of 52.5% and ca. 117,000 square metres of space
turnover, automotive OEMs and their regional supply chain conti-
nue to be the drivers of this positive trend. Their need for integra-
ted processes has been feeding the space demand by automotive
contract logistics and production-related forwarders.
Yet, this structural change is not go- For the investment market in light are forced to either work with their
ing to happen disruptively, but rather industrial and especially for logistics existing space, or to look elsewhere
step-by-step. As the transition to property, the described trends seem for suitable facilities. Therefore, the
e-mobility will still require the com- to create a positive environment. Ho- tight market environment could be a
bustion engine as bridging technolo- wever, the scarcity of the sought-after further reason for the low space ta-
gy, both drive systems will run paral- asset class logistics property has lead ke-up of industrial companies in the
lel minimum up to 2025. to a further compression of yields. previous year.
Currently, the gross initial yield for
The current trend for outsourcing such products still lies at 5%. Yet, it At this point, local authorities are
in the automotive sector as well as can be assumed that this figure will called upon to designate suitable si-
in other industries will be pushed come under further pressure over the tes for industrial and logistics use in
to a high level. This means that the course of the year. the immediate vicinity of the region´s
automotive suppliers and logistics OEMs and their tier 1 suppliers. The
servicers of the Stuttgart Region can The high space volume in the last prevailing negative preconceptions
count on a stable and sustainable en- year can be accounted for by the fact about logistics settlement must be
vironment for their business. Especi- that many development projects were challenged, because the logistics sec-
ally system logistics providers profit implemented on so-called brownfield tor plays a key role for the competiti-
from the commissioning of complex sites (plots with previous industrial veness of the automotive industry in
works such as pre-assembly to exter- use). In some cases, the preparatory the entire Stuttgart Region.
nal partners. While such assignments measures (remediation, species con-
place high requirements on the res- servation, planning approval, etc.) Next to the provision of a compatib-
pective logistics facilities, they are had taken years in order to make le road and IT infrastructure, also
rewarded with longer contract dura- these sites available for industrial the availability of suitable industrial
tions of five to seven, and in some ca- re-development. On the basis of our and logistics space will remain a core
ses of up to ten years. on-going market research, we do not challenge for the economic success of
As a result, these market players have industrial sectors. The exception to expect this trend for brownfield de- the Stuttgart Region.
generated a market share of 20.5% this rule remains the German car in- At the same time, the space demand velopments to continue on a compa-
in 2017, which corresponds to ca. dustry who are counting on a further from the industrial sector has been rable level in 2018. Yours
49,000 square metres of logistics upturn of their international business significantly lower with a share of
space. especially in Asia. merely 11.5% and an overall take-up Likewise, the insufficient designation
of 27,000 square metres of industri- and therefore a limited availability
These figures make a strong case for The measures by the German govern- al hall space. This can only partly of suitable greenfield plots will have
a region, which is still highly depen- ment to promote e-mobility have also be explained by the aforementioned a negative impact on the industrial
dent on the automotive sector. Yet, had a positive impact in the Stuttgart trend for outsourcing to logistics and logistics space take-up in 2018.
they are quite in line with nationwide Region. From our operative business service providers. Furthermore, the This becomes evident from the let-
trends and developments in Germany. and the current tenders in the auto- industrial companies of the Stuttgart ting volumes in existing space, which
According to an economic survey by motive sector we can project an in- Region continue to strongly focus on have already plummeted by 30% in
the German ifo-institute from Janu- creased demand for electric drives their core business in order to meet 2017. In face of the overall scarcity
Markus Knab ary 2018, negative export expecta- and respective research and develop- the challenges of industry 4.0 (auto- of industrial and logistics space, the
Head of Industrial & Logistics Properties tions can be observed in nearly all ment. mation and digitalization). companies in the Stuttgart Region
4I I5
Facts & Figures.
Letting Volume* Space Take-up Stuttgart Region in sqm Neubauflächen Brownfields**: Greenfields**:
For the counties of the Stuttgart Region, With an extraordinary letting volume
E & G Real Estate has identified an over- of ca. 121,700 square metres for ne- Tamm (County of Ludwigsburg): Alfdorf (County of Schwaebisch
all space take-up in industrial and logi- 240,000 240,600 wly built industrial and logistics pro- Logistics development for Bosch Gmuend): ca. 13,700 sqm of hall
stics space of ca. 240,600 square metres. perty, the result of the previous year with ca. 38,000 sqm of hall space space for TRW Automotive on a
Compared to a letting volume of 205,000 217,000
Total (ca. 31,000 sqm) was outperformed on a plot with ca. 73,000 sqm plot with ca. 27,300 sqm
210,000
square metres in the previous year, this by nearly four times. This letting class
signifies a clear increase of 17.4%. alone accounted for an overall share in Freiberg (County of Ludwigsburg): Vaihingen/Enz (County of Ludwigs-
205,000
50.6%. Logistics property for Porsche/LGI burg): ca. 13,000 sqm of logistics
In total, 68 industrial and logistics lea- 172,000 Newly-built A total of nine leases were signed for with ca. 15,300 sqm of hall space space for DSV on a plot with ca.
165,000
ses were signed in 2017. In the first six 121,700 newly built industrial and logistics on a plot with ca. 27,100 sqm 26,300 sqm
months, 37 new leases accounted for ca. space in 2017. Except for one develop-
42% of the overall space take-up. The 31 65,500 ment project in Sindelfingen, all other Benningen (County of Ludwigs- Sachsenheim (County of Lud-
58,000
signings in the second half of the year properties were built-to-suit the res- burg): Logistics complex for Mül- wigsburg): ca. 8,000 sqm of hall
created a further 67.7% in letting turno- 27,500
pective occupier. ler-Lila Logistics with ca. 15,300 space (two construction phases)
40,000
ver. 31,300 In the reporting period, ca. 151,200 sqm on a plot with 27,100 sqm for Draexlmaier on a plot with ca.
25,400 square metres of industrial and lo- 40,000 sqm
For the sixth time in succession, the 2011 2012 2013 2014 2015 2016 2017
gistics property were developed on Sindelfingen (County of Boeb-
County of Ludwigsburg ranks first in brownfield sites. On undeveloped lingen): Ca. 4,500 sqm of light
terms of space take-up with a share greenfield plots, a total of ca. 135,500 industrial space for automotive
of 55.3%, followed by the Counties of square metres of newly built space engineering services on a plot with
Goeppingen (14.3%) and Rems-Murr was made available for industrial and ca. 9,000 sqm
(10%) with significantly lower letting logistics purposes.
volumes.
Rent Levels 2017***
Top 3 lettings > 5,000 sqm**: Letting volume 2017 by Counties
Net rent in EUR per sqm Average rent in EUR per sqm Net rent in EUR per sqm Average rent in EUR per sqm
County of Ludwigsburg: Stuttgart: 10,200 sqm (existing space) (existing space) (newly-built space) (newly-built space)
ca.13,400 sqm rented to an OEM (2016: 18.5 %)
Esslingen: 16,300 sqm County of Böblingen 3.30 – 4.50 3,90 6.50 6.50
(2015: 20.8 %)
County of Goeppingen: County of Esslingen 3.20 – 4.75 4,00 – –
former Geschmay Areal, ca.10,000 County of Göppingen 3.30 – 4.90 4,00 – –
sqm of production space rented by Böblingen: 22.600 sqm County of Ludwigsburg 4.00 – 6.00 5,30 4.90 – 6.50 6.10
(2016: 9.0 %)
an industrial company County of Rems-Murr 4.50 – 5.60 4,85 5.00 5.00
City of Stuttgart 3.70 – 6.50 5,40 – –
County of Goeppingen: former Ge-
Ludwigsburg: 133,000 sqm Total 3.20 – 6.50 4,60 4.90 – 6.50 6.10
schmay Areal: Total 55.3%
(2016: 31.9%)
Rems-Murr: 24,100 sqm
further 8,000 sqm of producti- (2016: 11.6 %)
240,600 sqm
on space rented by an industrial For existing industrial and logistics tage of letting products has created a perty achieved a rent average of € 6.10
company space in the Stuttgart Region, E&G demand for less attractive spaces in per square metre, which lies slightly
Real Estate has determined a marginal fringe locations of the Stuttgart Region above the figure from 2016 (€ 6.04/
decrease in average net rent from € and with lower net rent levels. sqm). Yet, the prime rents from that
4.63 to € 4.60 per square metre. From Thanks to the construction activities in year (€ 6.75/ sqm) could not be rea-
what we can tell, the on-going shor- the Stuttgart Region, newly built pro- ched again.
Göppingen: 34,400 sqm
(2016: 8.2 %)
Source: Research E & G Real Estate GmbH ©, Januar 2018
* exclusive of lease extensions /owner-occupiers
** I&L space without mezzanine/office/social space
6I I7
** gewichtet nach vermieteter Industrie- & Logistikfläche; alle Preise pro Monat, netto/kalt
7 I Zahlen & Fakten.
Owner-Occupiers Top 4 owner-occupier projects: Leases Total Letting Volume & Signings (Existing & Newly-Built Space)
The space take-up by owner-occupiers Sachsenheim (County of Lud- E & G Real Estate has identified a total 2016
accounted for ca. 169,200 square met- wigsburg): distribution center by of 68 new leases in the Stuttgart Regi- 2017
7 Signings
res in 2017. This signifies an increase by Breuninger with ca. 52,000 sqm on (2016: 72 leases).
450% compared with the 37,100 square 27 lease contracts were closed for faci-
metres in 2016. Sachsenheim (County of Lud- lities with 1,000 to 3,000 square met-
33 Signings
8 Sighnings
In 2017, ca. 44,700 square metres wigsburg): extension of logistics res, accounting for 18.3% of the overall
3 Signings
(26.4%) of hall space resulted from ac- centre from Porsche with ca. space take-up. The highest share in
27 Signings
quisitions by owner-occupiers. With a 13,000 sqm letting volume (51.3%) was achieved
4 Sighnings
8 Signings
share of 73.6%, project developments in the segment with more than 10,000
6 Signings
22 Signings
5.6 % 22 Signings
by owner-occupiers generated ca. Ditzingen (County of Ludwigs- square metres (7 signings).
124,500 sqm of industrial and logistics burg): Logistics centre for Trumpf 54 of the 68 lettings in 2017 were sup-
space turnover. with ca. 13,000 sqm ported by professional agents, an over-
18.3 %
12.6 %
29.3 %
27.4 %
12.2 %
24.3 %
51.3 %
11.6 %
7.4 %
The space take-up or owner-occupiers all market share of 60.1% and 147,100
was determined for existing space square metres in space turnover. This
signifies a drop of 10.3% compared < 1,000 m2 1,001 – 3,000 m2 3,001 – 5,000 m2 5,001 – 10,000 m² > 10,001 m²
upon contract signing and for project
developments upon start of construc- with the 70.4% (144,300 sqm) in 2016.
tion. As 14 leases with a total space take-up
of ca. 93,500 square metres were clo- Top Rents/Average Rents (existing space in EUR per sqm)
6.50
sed directly, 38.9% of the lettings were
6.00
5.90
5.90
Take-up of space by owner-occupier in sqm (purchase & own groove) concluded without agent´s support.
5.50
5.50
E & G Real Estate has successfully advi-
sed 11 industrial and logistics lettings
4.75
4.70
Stuttgart Göppingen
4.60
4.60
in the Stuttgart Region with a total
4,45
space volume of ca. 43,900 square
4.15
metres. This corresponds to a share of
Rems-Murr 18.2% in rented industrial and logistics Top Rents
space and a market share of 29.9%.
Average Rents
2012 2013 2014 2015 2016 2017
Lease Durations
Ludwigsburg
106.200 In the reporting period, commercial leases
for industrial and logistics facilities had Top Rents/Average Rents (newly-built space in EUR per sqm)
an average duration of around five years.
6.75
Next to a few signings with shorter dura-
6.60
6.50
Esslingen
tions, only four leases with more than ten
6.20
6.10
years were closed in 2017.
6.03
6.00
5.90
For newly-built property, average lease
periods currently lie at an average of 10 5.55
5.30
5.30
5.20
years, with individual lease durations ran-
ging between seven and 15 years.
Top Rents
Average Rents
2012 2013 2014 2015 2016 2017
Source: Research E & G Real Estate GmbH ©, Januar 2018
8I I9
Demand Tenants by rental area 2017 The Stuttgart Region:*
Trade
In the reporting period, the greatest Others
demand for industrial and logistics Services
property came from the automoti-
ve sector (OEMs & suppliers) with a Commerce
A 81 direction
51.3% share (ca. 123,500 sqm). A ma- Heilbronn
jor part of this figure can be accoun-
Berlin
ted to the large-scale letting of newly
built logistics space in Tamm with ca. Bietigheim-
Industrial
38,000 square metres. Logistics ser- Automotive/OEM
Bissingen
vice providers and freight forwarders Total Backnang Murrhardt
ranked second with 19.9%, followed 240,600 m²
County of Ludwigsburg Stuttgart
by the local industrial and manufac- Vaihingen a. d. Enz
turing sector with 12% of the overall
space take-up. A 8 direction Ludwigsburg
County of Rems-Murr
Schwieberdingen
Despite the high level of construc- Karlsruhe
Ditzingen Kornwestheim
tion activity in the Stuttgart Region, Waiblingen
Leonberg
the demand from industries, logistics Logistics Weilimdorf
Winnenden
and commerce has still not been met Stuttgart Schorndorf
by a sufficient supply of large-sca-
le, multi-functional hall space. One Sindelfingen Esslingen
Leinfelden- Göppingen
reason for this lies with the long de- Weil der Echterdingen Ostfildern
velopment periods for logistics space. Stadt Wendlingen
Re-developments on brownfield si- Böblingen County of Göppingen
Filderstadt
tes entering the market in 2017 had
County of Böblingen County of Esslingen Kirchheim u. Teck
already been initiated several years
Geislingen a. d. Steige
before. In some cases, first talks bet- Nürtingen
Tenants after conclusion of rental agreement 2017 Herrenberg
ween owners and developers took Neckartenzlingen
place five to seven years before cons- Trade
truction. Often, environmental reme-
Commerce
diation and analyses, as well as ch- A 8 direction
anges in statutory requirements and München
reluctant approval processes have Industrial A 81 direction
slowed down development dynamics. Singen
This means that projects on brown-
field sites require some staying power Others industrial and logistics cluster *
on the developer´s side. Furthermore,
the gap between demand and sup- * logistics space < 50,000 sqm
ply of suitable industrial and logistics industrial space < 100.000 sqm
space is most likely to continue in the
coming years.
At the same time, the letting rate of
existing space went down by 31.5% Logistics
from ca. 173,700 square metres in
2016 to only 118,900 square metres Automotive/OEM
in 2017. Also this figure shows the
on-going trend for limited supply of
industrial and logistics space in the
Services Source: Research E & G Real Estate GmbH ©, Januar 2018
10 I I 11
Investments.
Four newly built logistics facilities The demand for investments in lo- Top 3 logistic deals:
As in previous years, institutional as well as private with a total of ca. 58,800 square me- gistics, but also for light industrial
tres were sold. A further two deals (ca. property in the Stuttgart Region will Ludwigsburg: logistics areal with
investors have shown a keen interest in industrial 34,100 sqm) were closed for properties remain on a high level in the near ca. 27,000 sqm sold to an instituti-
and logistics property. In 2017, a total of 12 transac- older than three years. The remaining future. Also beyond its regional bor- onal investor (portfolio deal)
tions were concluded in the Stuttgart Region with six transactions with a space volume ders, the extraordinary cluster of
of ca. 60,300 square metres concerned industrial, manufacturing and logi- Freiberg (County of Ludwigsburg):
an overall volume of ca. 147,200 square metres of existing light industrial properties, stics companies in the southwest of Newly built logistics facility with
hall and production space. mainly production and warehouse fa- Germany offers attractive investment ca. 22,000 sqm hall space sold to
cilities without multi-functional cha- opportunities in Core, Core-plus as Frasier Centrepoint (asset deal)
racteristics. well as value-add property.
E & G Real Estate projects an overall For industrial and logistics investments Benningen (County of Ludwigs-
transaction volume of ca. 185 mil- in the Stuttgart Region, E & G Real burg): Logistics development with
lion euros for the fiscal year 2017. In Estate has determined maximum 15,300 sqm of hall space sold to TH
this reporting period, transactions for gross initial yields of up to 5%. Against
existing and light industrial properties the backdrop of the given sellers´ mar-
were concluded with a WALT between ket, returns can be expected to further
four and thirteen years, whereas ne- decline a few basis points. Yet, compa-
Top 3 light industrial deals:
wly build investment products offered red with other industrial clusters, the
WALTs between seven and fifteen ye- Stuttgart Region still ranks among the Magstadt (County of Boeblingen):
ars. top investment locations in Germany. Warehouse with ca. 17,000 sqm of
hall space sold to Alpha Industrial
(asset deal)
Stuttgart: Storage/ production
facility with ca. 12,400 sqm of
hall space sold to Gold Tree Group
(asset deal)
Esslingen: Storage/ production
facility with ca. 7,700 sqm of hall
space sold to a private investor
(asset deal)
Top Yields for Commercial Property in %
10.5 10.5
8.0
7.5 7.5 7.5
7.25
7.5 7.5 7.57 .5 7.5
7.0 6.25
6.8 Logistics
5.8
5.5 5.5 5.55 .5 5.5 5.5 Retail Centres
5.25 5.7
5.0 5.5
5.0 5.0 5.0 4.5 5.0
4.6 4.6 4.6
4.25 4.25 3.8 3.8
3.5
3.4
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: Research E & G Real Estate GmbH ©, Januar 2018
12 I I 13
GPP-Market Date Germany 2017/2018.
HAMBURG BERLIN Grossmann & Berger GmbH
€ 5.80 per sqm € 5.00 per sqm Locations: Hamburg, Berlin
Contact partner: Felix Krumreich
€ 4.25 sqm € 4.30 per sqm
Bleichenbrücke 9 (Bleichenhof)
4.60% 4.90% D-20354 Hamburg
Tel.: +49 40/350802-528
€ 200-240 per sqm € 60-170 per sqm Fax: +49 40/350802-574
€ 130-150 per sqm € 55-140 per sqm
€ 60-85 per sqm € 30-90 per sqm
DUSSELDORF ANTEON Immobilien GmbH & Co. KG
Locations: Dusseldorf | The Ruhr District
€ 5.40 per sqm Contact partner: Timm Georg Roche
€ 4.60 per sqm
Ernst-Schneider-Platz 1
4.75% D-40212 Düsseldorf
FRANKFURT
Tel.: +49 211/58589-80
€ 300-350 per sqm € 6.20 per sqm Fax: +49 211/585889-88
€ 200-250 per sqm € 5.40 per sqm
€ 70-90 per sqm 4.80%
€ 230-330 per sqm
COLOGNE
€ 65-235 per sqm
€ 5,00 per sqm
€ 50-190 per sqm
€ 4.80 per sqm GREIF & CONTZEN Immobilien GmbH
Locations: Cologne | Bonn
4.70% Conatct partner: Frank Klähn
€ 130-185 per sqm Pferdmengesstraße 42
D-50968 Köln
€ 80-145 per sqm MUNICH
Tel.: +49 221/937793-450
€ 70-100 per sqm € 6,80 per sqm Fax: +49 221/937793-77
€ 6.10 per sqm
STUTTGART 4.60%
€ 6.50 per sqm € 390-700 per sqm
€ 6.50 per sqm € 175-660 per sqm E & G Real Estate GmbH
4.50% € 125-430 per sqm Locations: Stuttgart, Munich
Contact partner: Markus Knab
€ 260-410 per sqm
Börsenplatz 1
€ 150-300 per sqm D-70174 Stuttgart
Tel.: +49 711/2148-286
€ 30-170 per sqm
Fax: +49 711/2148-290
Legend
Peak Rent Logistics* (City) Plot Price** (City)
Peak Rent Logistics* (Periphery) Plot Price** (Periphery) * Logistics: min. 5,000 sqm, min. 10 m clear hight, min 1 ramp/ 1,000 sqm, min. state-of-the-art, newly-built/ first letting
Net Peak Rent Plot Price (Region) ** Plots: GE/GW-area, min. 10,000 sqm, developed, free of contamination, nearly rectangular
14 I I 15
Your Contact Partners. Our Services.
The industrial and logistics sector long-standing experience and our Informationen on the internet:
has its own characteristics. In this comprehensive services. www.ellwanger-geiger.de
field, you should rely on specialists Our team in Stuttgart looks forward
who know the requirements for to your call or visit.
buildings, infrastructure and pro-
perty down to the last detail: ELL- You can reach us at:
WANGER & GEIGER Real Estate. You Phone +49 711/2148-286
will benefit from our expertise, our or Fax +49 711/2148-290.
We consult investors and occupiers in all matters relating to industrial & logistics property.
Canvassing and selling of suitable plots
Pre-development of industrial & logistics projects
Letting and selling of existing property
Pre-letting, sale-and-lease-back
Property valuation in accordance with national and international standards
Proactive market research and market reports
Markus Knab Alexander Fink Alexander Deiss
Head of Industrial & Logistics Properties Consultant, Industrial & Logistics Properties Consultant, Industrial & Logistics Properties Tailor-made property consulting
Phone +49 711/2148-227 Phone +49 711/2148-261 Phone +49 711/2148-383
Markus.Knab@eug-re.de Alexander.Fink@eug-re.de Alexander.Deiss@eug-re.de
Our experienced industrial & logistics specialists will develop targeted solutions for your
real estate projects. Our clients benefit from our property valuation services and in-
house market research to make well-informed real estate decisions.
Penelope Vlahu Alice Disam
Assistant, Industrial & Logistics Properties Assistant, Industrial & Logistics Properties
Phone +49 711/2148-286 Phone +49711/2148-278 Disclaimer
Penelope.Vlahu@eug-re.de Alice.Disam@eug-re.de This market report has been created with utmost diligence. Please understand that we cannot bear any liability for the correctness of the information and
the interpretations given in the document.
16 I
I 17
Entwicklungen 2015/2016 I 15
E & G Immobilien.
E & G Real Estate offers you a one-stop shop for a comprehensive range of services relating ro the
asset class of real estate. With the very highest discretion and integrity, we enable you to keep your
bearings in rapidly changing markets. Our success is founded aboce all on excellent
knowledge of the market and decades of experience in real estate business.
GERMAN PROPERTY PARTNERS:
Commercial Real Estate. Residential Real Estate. Our offices. LOCAL COMPETENCE NATIONWIDE.
Systematic research form the basis for As leading real estate agents in the Stuttgart, Börsenplatz 1
our analyses of location, portfolios and Stuttgart Region, we know the resi- Phone +49 711/2148-300 German Property Partners - or GPP is a Our services range from property inves- No matter is you are looking for office,
cost-effectiveness that reflect market dential property market inside out. nationwide network for commercial real tments to commercial lettings. For in- retail, industrial, or logistics space - with
conditions. From these, we derive stra- Our success is based on the professi- estate in Germany. GPP bundles the ex- vestors, we buy and sell industrial and GPP you will always have a competent
tegies aimed at capitalising on poten- onal competence, commitment and München, Herzog-Rudolf-Straße 1 pertise of leading commercial property logistics property all over Germany - as partner at your side.
tials for earnings and efficiencies. experience of our property experts. Phone +49 89/17 95 94-0 companies in a nationwide alliance for single asset or entire property portfolio. Find out more about the top 7 com-
In addition to comprehensive leasing They will take their time to under- regional competence. National and in- Due to the banking background of the mercial real estate locations in our
services, our core expertise includes stand your individual property needs ternational clients can profit from one founding members ELLWANGER & GEI- free-of-charge GPP Commercial Market
project consulting and transaction bu- and wishes.With our long-standing Esslingen, Pliensaustraße 7 face to the customer and from the local GER (Stuttgart/Munich) and Grossmann Reports at:
siness. We adopt a hostic approach in experience in residential real estate, Phone +49 711/310 5939-0 expertise of our partners. In short: one & Berger (Hamburg/Berlin), we are able
consulting on real estate: we are able to provide an accurate http://www.germanpropertypartners.
contact partner for all Big 7 property to support your project developments
we partner you all the way - from the valuation of your property as well as de/en/market-survey/
markets in Germany. also in financial aspects.
development of marketing strategies a detailed analysis of the potential Sindelfingen, Planiestraße 15
to the preparation of data on proper- target buyer group. On this basis, we Phone +49 7031/73 44 68-0
ties and the implementation of marke- strive to achieve the best market
ting processes. value for your property.
Waiblingen, Lange Straße 49
Our services. Our services. Phone +49 7151/98 243-0
Research Market-relevant property valuation
Investment analyses and consulting Coose analysis of target buyer group
Transactions, renting and leasing of Professional support with contract
office, retail, industrial and logistics negotiations and notarizations
space Nationwide network of regional
property companies
Strong market presence through our
local shops
Our further publications
Stuttgart Office Market Report
Stuttgart Investment Market Report
Munich Office & Investment Market Report
Immobilienmarktbericht Stuttgart & Region
and other information materials may be obtained free of charge from:
info@eug-re.com or www.eug-immobilien.com
München • Stuttgart • Frankfurt • Köln • Düsseldorf • Berlin • Hamburg
18 I I 19E & G Real Estate GmbH Börsenplatz 1, 70174 Stuttgart Tel.: +49 711/2148-300, Mail: stuttgart@eug-re.de Web: www.eug-realestate.com Amtsgericht Stuttgart, HRB 733293, Geschäftsführer: Mario Caroli, Björn Holzwarth
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