CG Elementum expands project in Karlsruhe’s Fiduciastrasse with another existing building
Through the purchase of a supplementary existing building at Fiduciastrasse 12 in the Durlach district of Karlsruhe, the nationwide real estate project developer CG Elementum AG has expanded its development project at the location. The transfer of benefits and burdens already took place on June 15, 2022.
The acquisition was accompanied by reallocation commercial properties GmbH, a Germany-wide operating brokerage house, which comprehensively supported the selling property company from Karlsruhe in the sale. The brokerage firm, which has well over 40 property locations, specializes in the leasing and sale of commercial properties.
The newly acquired, approximately 4,000-square-meter property is adjacent to the existing properties at Fiduciastrasse 2 to 10, where CG Elementum is developing a mix of residential and commercial uses including offices, fitness, retail and a hotel on an area of around 63,000 square meters by 2028. In addition, 500 underground parking spaces will be available to users.
The building at Fiduciastrasse 12 has around 6,000 m² of office space, 57 underground parking spaces and 40 outdoor parking spaces. The contact for potential tenants to lease the commercial space that will become available from 2023 is CG Immobilien GmbH, a subsidiary of the project developer. Durlach is highly sought-after as a residential area due to its beautiful medieval old town and its quiet locations, and also has numerous attractive locations for industry and commerce. The property benefits from this location close to the city center and is ideally connected via the nearby highway access
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CG Elementum AG