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Ed. Züblin AG | Newsroom

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Dear media representatives, welcome to our press area. Thank you for using our information offer about our company, our products and services. The information and contents are provided by Ed. Züblin AG, Albstadtweg 3, 70576 Stuttgart - Germany. We are happy to provide you with text, image and film material for your reporting on our company. The use of the services requires that you agree to these terms of use.

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23.02.2022 | 1 Image

HQ expansion: ZÜBLIN purchases Atlanta Business Center high-rise complex in Stuttgart-Möhringen

ZÜBLIN, Atlanta Business Center, Stuttgart
ZÜBLIN, "Atlanta Business Center", Stuttgart © Ed. Züblin AG

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Press release Plain text

  • Ed. Züblin AG acquires two-part office building from alstria office REIT-AG
  • Company invests in expansion of offices in Möhringen
  • Real estate acquisition creates possibility for 800 to 1,000 additional jobs at company’s headquarters

With a recent real estate acquisition, Ed. Züblin AG is expanding its headquarters in Stuttgart-Möhringen while preparing for future growth. In an off-market deal, the German market leader in building construction and civil engineering is set to acquire the two-part office tower complex Atlanta Business Center at Vaihinger Straße 131 from alstria office REIT-AG. The parties have already signed a purchase agreement to this effect. The architecturally complex building ensemble in the immediate vicinity of the ZÜBLIN campus was built in 1992 and consists of a high-rise building with 16 floors as well as an adjoining four-story building.

“The building will enable us to expand our capacity at our Möhringen site through an additional 800 to 1,000 jobs in the long term. In the medium term, the acquisition will allow us to consolidate all of ZÜBLIN’s activities in the Stuttgart region here at the company’s headquarters while also creating additional space for future growth,” explains Stephan von der Heyde, member of the Management Board of Ed. Züblin AG.

Property to be refurbished in accordance with sustainable development aspects

The property with a total usable floor space of around 22,000 m² is still fully leased and will be thoroughly refurbished in accordance with sustainable development aspects once it becomes vacant. Definite scenarios or dates are not known at this time. “After completion of the refurbishment of the Atlanta Business Center, some of the areas not required by us will initially be rented out externally, although this space will remain at our disposal for possible future expansion in the long term,” explains Oliver Schirp, STRABAG’s head of real estate, who is overseeing the purchase and future operation of the property.

In addition to the office space, the building complex also includes a staff restaurant measuring just under 1,370 m² as well as an underground car park with 497 parking spaces distributed over three basement levels and around 1,570 m² of storage space.

Together with the Z1, Z2 and Z3 office buildings at the neighbouring ZÜBLIN campus and the new corporate building currently under construction at Albstadtweg 10, the high-rise complex at Vaihinger Straße will form an innovative centre with short distances for around 2,200 employees of the STRABAG / ZÜBLIN Group in Stuttgart.

 

 

Facts & Figures

 

BUYER:

Ed. Züblin AG

SELLER:

alstria office REIT-AG

PURCHASE MANAGEMENT:

STRABAG BRVZ GmbH Co. KG

TECHNICAL DUE DILIGENCE:

STRABAG Property & Facility Services GmbH, Frankfurt

Ed. Züblin AG, Stuttgart Subdivision

REAL ESTATE AGENT:

Colliers International Deutschland GmbH, Stuttgart

LEGAL OFFICES INVOLVED:

Heuking Kühn Lüer Wojtek Partnerschaft mbH, Stuttgart

CML Construction Services GmbH, Cologne

Noerr Partnerschaftsgesellschaft mdB, Munich

KEY FACTS ATLANTA BUSINESS CENTER:

Construction: 1992

Height: 63.5 m (high-rise)

Storeys (above ground): 16 (high-rise) and 4 (low-rise)

Basement levels: 3

Gross floor area: 24,334 m²

Property size: 11,520 m²

 

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Ed. Züblin AG

Stuttgart-based Ed. Züblin AG, with more than 13,000 employees and an annual output of around € 4 billion, is one of Germany’s largest construction companies. Since its foundation in 1898, ZÜBLIN has been successfully realising challenging construction projects in Germany and abroad and today is the STRABAG Group’s leading brand for building construction and civil engineering. The company’s range of services covers all construction-related tasks – from complex turnkey construction, civil engineering and tunnelling to construction logistics, structural maintenance, ground engineering and timber and steel construction. In recent years, ZÜBLIN has been promoting the topics of digitalisation, LEAN.Construction and sustainability and – supported by the many years of experience of its Zentrale Technik competence centre – is also increasingly offering integrated design and construction from a single source as a general planner. When it comes to partnering, ZÜBLIN has set new standards with its teamconcept partnering model, which has proven its worth on the market for more than 25 years. Current construction projects of the company, a subsidiary of globally operating STRABAG SE, include the EDGE East Side Berlin high-rise project, the Rinsdorf and Rälsbach viaducts on the A45 motorway and the Boyneburg Tunnel on the A44. More information is available at www.zueblin.de.

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ZÜBLIN, Acquisition Atlanta Business Center, Stuttgart
ZÜBLIN, Acquisition Atlanta Business Center, Stuttgart
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ZÜBLIN, Acquisition Atlanta Business Center, Stuttgart
ZÜBLIN, Acquisition "Atlanta Business Center", Stuttgart

HQ expansion in Stuttgart-Möhringen: Ed. Züblin AG is set to take over the office tower complex Atlanta Business Center from alstria office REIT-AG effective 1 April 2022.

© Ed. Züblin AG

Related

  • 07.10.2021
    Focus on sustainability: STRABAG and ZÜBLIN celebrate topping-out ceremony for new corporate building in Stuttgart
  • 14.01.2021
    ZÜBLIN headquarters in Stuttgart grows: start of construction for STRABAG Real Estate project development at Albstadtweg

Contact

(01) Birgit Kümmel (englisch)
Birgit Kümmel
Head of Corporate Communications Germany/Benelux/Northern Europe
presse@strabag.com
+49 221 824-2472

(02) Sabine Appel (englisch)
Sabine Appel
PR-Manager
Corporate Communications
sabine.appel@strabag.com
+49 221 824-2159
ZÜBLIN, Acquisition Atlanta Business Center, Stuttgart

ZÜBLIN, Acquisition "Atlanta Business Center", Stuttgart (. jpg )

HQ expansion in Stuttgart-Möhringen: Ed. Züblin AG is set to take over the office tower complex Atlanta Business Center from alstria office REIT-AG effective 1 April 2022.

© Ed. Züblin AG
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