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HanseMerkur Grundvermögen AG (HMG) has acquired a comprehensively renovated office and administration building in Stuttgart-Bad Cannstatt for one of its special real estate funds, which focuses on state-owned tenants. The property at Deckerstraße 41 with around 5,800 square meters of rental space is fully let to the state of Baden-Württemberg and is used by the State Criminal Police Office and the state’s cybersecurity agency, among others. Interior Minister Thomas Strobl had officially inaugurated the new rooms.
Stuttgart and its surrounding area are among the metropolitan regions with the highest industrial density in Germany and Europe. Around 150,000 companies from the high-tech industry, medium-sized companies and the automotive sector, among others, have their headquarters here. Bad Cannstatt is considered the oldest and largest district of the city and has traditionally been a preferred location for users of the public sector. The district offers very good transport connections as well as a wide range of gastronomic, local supply and shopping opportunities.
The long-term lease agreement with the public sector provides sustainable income and planning security. The state of Baden-Württemberg also uses space in the neighboring “Office Campus Stuttgart”, also a property of HanseMerkur Grundvermögen. HanseMerkur Grundvermögen is responsible for asset management for both properties.
Malte Andes, Deputy Chairman of the Executive Board of HanseMerkur Grundvermögen AG, says: “With this acquisition, we are once again securing a sustainable property for our investors in a strong economic centre. The state-owned tenant with the Cybersecurity Agency represents a topic that is crucial for the future of our infrastructure.”
The L-shaped building has six above-ground floors and a basement with underground parking areas. A comprehensive modernization for a low double-digit million amount was completed in 2025. In the course of the refurbishment, a sustainability concept was implemented, which included measures for energy optimisation and the modernisation of the technical building equipment. To this end, the high sustainability certification “BREEAM-Excellent” is being sought.
The property was financed entirely from equity. The purchase price was not disclosed. The seller is a property company managed by JPMorgan Asset Management.
