AIF Capital Group has acquired a residential and commercial building in Stuttgart for the special fund “AIF Lebensquartiere I”. The mixed-use building complex is centrally located in Stuttgart’s Möhringen district. “The property embodies the fund strategy of liveable neighborhoods with stable returns for our investors, while at the same time adding value to society,” emphasizes Heiko Szczodrowski, CEO of AIF Capital Group.
The property has a distinct neighbourhood character and combines different uses under one roof. The mix of uses includes apartments, practice space, a social therapy facility, other commercial space and a bakery. The ideal connection to public transport – underground and bus stops are 50 m away – round off the investment. “This functional diversity appeals to different user groups and creates a sustainable connection between housing, medical care, social infrastructure and local amenities,” explains Denisa Bonanno, Head of Investment at AIF Capital Group.
The acquisition was legally supported in the transaction by Mayer Brown and technically by albrings + müller ag.
Stable returns through diversified use
The fully let property has an excellently diversified tenant structure. Medical practices, social uses and technical infrastructure will be supplemented by residential space and a local commercial tenant. This is the basis for a robust revenue base and reduces dependence on individual users.
Strategic importance for the fund
With the acquisition in Stuttgart, AIF Lebensquartiere I is expanding its portfolio with a central, urban location. The special fund is classified as an Article 8 fund in accordance with the Disclosure Regulation and takes into account environmental and social characteristics in the investment strategy.
