As a part of its growth strategy POLIS Immobilien AG has mortgaged the unencumbered “Quartier Büchsenstraße” in Stuttgart. The financing amounting to EUR 43 million was provided by Deutsche Hypo – NORD/LB Real Estate Finance. The bank prevailed over 40 competitors in the multi-stage selection process and offered the best financing conditions.
The building complex consists of five individual properties and extends over a complete block in Stuttgart-Mitte. In total the ensemble has around 14,500 square metres of rental space spread over six floors. In 2010 and 2011 the office complex was refurbished by POLIS Immobilien AG and the building at Büchsenstraße 26 was awarded the DGNB Silver Refurbishment Certificate.