New York-based LCN Capital Partners (LCN) has acquired the purchase of the Forvia Technology and Customer Center in the Hanover Science and Technology Park.
The seller of the technology center is the Hanover-based Baum Group of companies, which is an investor and project developer in the real estate sector, primarily in northern Germany, and designed and built the now DGNB-certified technology and customer center.
Forvia is the seventh largest automotive supplier in the world and employs over 150,000 people in more than 40 countries. The automotive technology group was formed by the merger of Faurecia and Hella, in January 2022, and Forvia has signed a 20-year lease for the new technology and customer center.
Norton Rose Fulbright has advised real estate investor LCN Capital Partners, Baum Group was advised on the transaction by Brinkmann Weinkauf, Hanover.