FOM Real Estate and LEG Baden-Württemberg sell
“Orion Portfolio” to an international investor

With the sale of the “Orion Portfolio” to the Israeli Ahouvi Group, FOM and LEG concluded the largest real-estate transaction of the year in Germany so far, with a value of approximately 250 million euros.

The Orion package comprises four new office buildings for Deutsche Telekom at sites in Bonn, Münster and Darmstadt, creating 90,000 square meters of office space as well as 2,500 parking spaces. Within the framework of an international investor competition, Sireo Real Estate GmbH issued a call for bids for the properties in which the bidding syndicate made up of FOM and LEG came out victorious against strong competition.

Once the buildings are ready, they will be leased in 2007 for 15 years to several units of Telekom within the scope of a sale & lease back transaction.

Heidelberg-based FOM had already built the Telekom Center (Ten Towers) for Telekom in Munich. The main office of T-Online in Darmstadt was built together with LEG in 2004. At the end of 2005, these two companies were also awarded the contract for the construction of the new corporate main office of the Süddeutscher Verlag Mediengruppe, a 28-story building in Munich-Haidhausen.