FFA Real Estate announces its 11th property acquisition in Germany

FFA Real Estate announces its 11th property acquisition in Germany
25 April 2019

FFA Real Estate, acting on behalf of a client, has successfully completed the acquisition of Stryker Headquarters Germany, located in Duisburg Rheinhausen-Asterlagen.

 

This acquisition is the 11th transaction in Germany which has been sourced and managed by FFA Real Estate on behalf of its clients to date. With a current total of AUM (assets under management) of approximately EUR 180 M, FFA Real Estate has overseen and led the management of this entire property portfolio, complete with asset disposal, realizing historically 13-14% IRRs (internal rates of return) over two to three year holds.

 

The Stryker office building, which was built specifically for the tenant in the year 2002 and expanded in 2009 with storage and service areas, has a leasable area of approx. 7,500 m² and 154 parking spaces and is located west of the city centre in the Business Park Niederrhein. On the property, there is also a building reserve for another approximately 10,000 m² of office space.

Stryker Corporation is a world market leader in medical technology, and a global leader in head, hand and foot implant systems and computer-aided orthopaedic surgery.

 

The transaction was supported by Hackenberg & Co. GmbH, Frankfurt and FIH GmbH, Hanover, with Gibson, Dunn & Crutcher LLP, Munich acting as lead legal counsellor, in collaboration with Hyam G. Mallat Law Firm.

 

In recent years, FFA Real Estate has been developing its portfolio of real estate acquisitions in the country, with three of these already successfully exited with a return on equity of up to 82 percent.  Click here to explore FFA Real Estate’s portfolio.

 

You can also check the press releases published on Deal Magazine, Konii Digital Real Estate and Immobilien Zeitung.

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