Theo & Luise (Mannheim)

26,000 sm office building in Mannheim

Theo & Luise is ASG’s first investment in Mannheim – a mid-sized German city that serves as a transport hub between Frankfurt and Stuttgart and as a major logistics and industrial center with companies such as BASF, SAP, Roche and Siemens.

The asset is well located within Mannheim and boasts excellent access to public transportation. ASG purchased the asset from a subsidiary of RBS who had taken over the asset as part of a non-performing loan portfolio of one of its borrowers. ASG plans to lease up the remaining vacant space, and restructure and extend the existing tenant base over the next three years in order to stabilize the building before ultimately selling to a yield-seeking buyer.


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