AVONIA Real Estate and its partners MERKUR Development Holding and OSWA Planen und Bauen have completed an office & hotel complex in the Stuttgart Pragsattel Area comprising 10,600 sqm of above-grade gross floor space.
Its future user has already taken over the hotel: the Hamburg-based hotel group, NOVUM Hospitality, has a long-term lease to operate the 182-room hotel under its niu Form Hotel brand.
The building has 3,400 sqm of high-quality office space, which is currently being leased.
The complex includes underground storage spaces and a two-level garage with spots for 89 vehicles.
This project in Leitzstrasse 50-52 commenced in 2016; the total investment was around EUR 50 million.