Bavarian Single Family Office Acquires “Postareal” Building In Mühlheim (Germany)

Bavarian Single Family Office Acquires "Postareal" Building In Mühlheim (Germany)

On December 14th, German family office SWT Verwaltungs GmbH acquired a former post building in Mühlheim an der Ruhr, Germany. SWT has already been involved in multiple real estate deals in the past years.

Postareal: mixed-use building with development potential

The Postareal in Mühlheim an der Ruhr is well located, the main station is within walking distance, as well as the “FORUM City Mühlheim” is in walking distance. In the past, the object served as a distribution and logistics center for the German Deutsche Post AG. Also a bank branch is located in the building with 7,920 sqm lettable space. The building was sold by a Luxembourg-based firm, German consultancy Hackenberg & Co. consulted both parties. After the current leases expire, SWT plans a mixed-used development project.

Bavarian family office with several real estate investments

SWT Verwaltungs GmbH is a rather secret family office from Rain, a city in the Northwest of Munich. SWT is focusing on real estate investments. Interestingly, the firm also acquired the neighboring “Twin Towers” object in 2018. In June 2019, the family office acquired a portfolio of five objects in Rheine, Herne, Lüdingshause, Soest and Dusseldorf. SWT focuses on commercial properties in German B- and C-cities.

Sources
Konii, 17.12.2019
DEAL Magazine, 17.12.2019
Claudio Schwarz, 17.12.2019

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