n1 Office & Hotel, Sindelfingen

About the asset 

Lakeward has partnered with SÜDREAL to develop a hotel, boarding house and office space at a core location in proximity to Mercedes-Benz manufacturing activities in Sindelfingen. Demand for modern office space remains high, and the global reach and continued expansion of Mercedes-Benz AG ensure high demand for quality hotel accommodation and serviced apartments. Lakeward has successfully secured and granted exclusivity to a family-operated European hotel operator, specialised in developing and operating three-to-four star hotels in key urban locations.

Strategic importance of region 

Sindelfingen, close to Stuttgart, has a secure historical economic link to the automotive industry through Mercedes Benz’s largest vehicle production plant. The Sindelfingen plant is not only the most modern automobile production plants in the world; it is home to Mercedes-Benz AG’s corporate research as well as Mercedes-Benz Cars development and design. The location received a boost by the decision from Mercedes-Benz AG to expand its battery manufacturing capabilities in Sindelfingen and make it the centre of competence for autonomous driving and electric cars.

Facts & Figures

  • Asset purchased in 2018 
  • Status: in development
  • Deal Type: Development
  • Gross floor area: > 17,000m2
  • Hotel (4 Star) with 152 beds
  • 116 Serviced Apartments
  • Office space of 7,500m2
  • Partner: SÜDREAL
  • Tenant: Novum Hotels

Infrastructure

The location offers excellent connections to the city of Stuttgart and its international airport. The ongoing economic development in the region has also meant the further expansion of the primary motorway connections to six lanes and also a considerable expansion to the public transportation system. 

Additionally, within proximity is Breuningerland shopping mall with over 120 stores.

ESG considerations

Lakeward makes every effort to drive ESG through engagement with the real estate industry, and within the communities, it operates. Lakeward works closely with developers and partners to ensure responsible development in accordance with local and national planning, development and construction regulations.

 

 

Questions about this project?

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