Over 100 flexible workspaces are being created in a prime city center location at
Königstrasse

Berlin, July 13, 2022: Satellite Office
will be creating over one hundred flexible workspaces in the heart of Baden-Württemberg’s state capital in spring 2023. Anita
Gödiker, owner and Managing Director of Satellite Office: “Stuttgart is one of the
key business locations in Germany, Europe’s third-largest IT location and
one of Germany’s strongest export conurbations for services. The demand
for flexible offices and workplaces is correspondingly high.” Stuttgart is no
exception.
The change in working habits – and thus the need for “new”
working models – is shaped by digitalization and has been given a
real boost by the pandemic. More and more people are working outside the traditional
company headquarters, combining home office with office or coming together in team offices
. A good location with accessibility by train, bike or even on foot from the main train station
plays an important role here.

At Satellite Office Stuttgart, it is not only the address “Königstraße 35” that is striking, but
also the building: first erected in 1911 and rebuilt after its destruction in 1949
, it is currently being given a new lease of life as “K35”. The
modern building with floor-to-ceiling windows will have a high-quality natural stone façade made of
shell limestone and will dominate the cityscape with its first-class architecture. “We are delighted
to have found the right anchor tenant for 75 percent of our office space in Satellite Office, one of the German market leaders for flexible workspaces, business and
conference centers in the luxury sector, just six months before the planned
completion,
said Frank Widmann and Ralf Simon, the managing directors of the owner, a
joint venture between W2 Development GmbH from Stuttgart and the Munich-based
investment specialist Competo Capital Partners GmbH.
In the interior design of the future Stuttgart workspace, Satellite Office is focusing on
ergonomics, sufficient space and tranquillity for healthy, concentrated, productive
work. With surrounding terraces for plenty of fresh air and an underground car park,
32 individual offices with
over sixty workstations will be created from the 3rd to the 5th floor on a total area of 1,550 square meters. A further forty workstations can be found in team offices,
coworking spaces and digital rooms. The interior design follows the “pureSilent®by Satelllite
office strategy”. Thanks to this multi-award-winning
space concept, which focuses on tranquillity for concentrated and focused work, hybrid and agile working for maximum
productivity will be possible from
next spring in the heart of Stuttgart. With distance and retreat options such as protected break-out
areas, phone booths and soundproof room-in-room systems. Highly digitized,
soundproofed mini-rooms with TV in 4K technology enable participation in
digital conferences at the highest level. High-speed WLAN included. All
digital rooms, Conference Rooms and workstations can be rented by the hour, day, week or month
. In line with the needs of modern people! Anita Gödiker: “After a long search, we are
delighted to be launching a Satellite Office in Stuttgart that will not only offer
the people of Baden-Württemberg but also our more than 3500 Satellite Office customers
a home base in Stuttgart. And at the highest level in terms of location, building
and interior design.”

About Satellite Office:
Satellite Office operates thirteen luxuriously equipped,
flexible workspaces in prime locations in Germany and Switzerland. Launched 25 years ago as a pioneer in Berlin, the
company is now represented in Berlin, Hamburg, Dusseldorf, Frankfurt, Munich, Zurich, Geneva and
soon also in Milan and Stuttgart – always at the top address in the city and
still owner-managed by Anita Gödiker.
The joint venture partners

W2 Development GmbH:
W2 Development GmbH was founded in 2008 by architect Stefan Willwersch and
businessman Frank Widmann. The Stuttgart-based project developer’s office consists
of a team of real estate specialists, engineers and architects. In the
past years, mainly commercial properties in Stuttgart and the
region with a total volume of around 495 million euros have been developed and sold.
Projects with a total volume of more than 500 million euros are currently being realized at
.

Competo Capital Partners GmbH:
Competo Capital Partners GmbH is an owner-managed and independent investment and
asset management specialist. Its core competencies are individually tailored
investments in German project developments with equity and mezzanine loans
as well as long-term investments in existing properties. Competo supports a small and
select number of institutional investors, almost exclusively from
foundations and family offices. In project developments, Competo
Capital Partners invests equity and mezzanine loans in selected real estate
project developments by experienced developers in Germany in the office, residential,
retail, logistics and hotel sectors. With Competo Capital Invest GmbH (KVG),
Competo has transferred its mezzanine business, which has been successful since 2014, into a closed-end
loan fund. On average, the investment portfolio comprises 15 equity
investments with an investment volume of over one billion euros and 20
mezzanine loans with a current volume of around 1.6 billion euros – i.e.
a total investment volume of around 2.6 billion euros. In the
investment and asset management segment, Competo currently manages a
portfolio of 17 properties with an investment volume of over 1.2 billion euros in the
locations of Munich, Hamburg, Dusseldorf, Frankfurt, Stuttgart and Ulm. In total,
Competo manages an investment volume of over 3.8 billion euros in the real estate sector.