Press release

Stuttgart gets a Satellite Office

20. July 2022

Over 100 flexible workplaces are being created in a prime downtown location on the
King Street

Berlin, July 13, 2022: Satellite Office creates over one hundred flexible workstations
in the heart of Baden-Württemberg’s state capital by spring 2023. Anita
Gödiker, owner and managing director of Satellite Office: “Stuttgart is one of the most
Germany’s most important business locations, Europe’s third-largest IT location, and
one of Germany’s strongest exporting metropolitan areas for services. The need
for flexible offices and workplaces is correspondingly large.” Stuttgart is not the only
The change in work behavior – and thus the need for “new”
work models – is shaped by digitalization and has taken on a new dimension due to the pandemic.
true turbo received. More and more people are working outside the traditional
company headquarters, combine home office with office or find themselves in team offices
together. A good location with accessibility by train, bicycle or even by car plays an important role.
foot from the main station plays an important role.

At the Satellite Office Stuttgart, however, it is not only the address “Königstraße 35” that is distinctive, but
also the building: first erected in 1911 and restored after its destruction in 1949
built, it is currently being given a new lease of life as “K35”. The
modern building with floor-to-ceiling windows receives a high-quality natural stone facade made of
shell limestone and will shape the cityscape with its first-class architecture. “We are pleased
with Satellite Office, one of the German market leaders for flexible workspaces, business and
Conference Center in the luxury sector, already half a year before the planned
anchor tenant for 75 percent of our office space by the end of the year.
have, according to Frank Widmann and Ralf Simon, the managing directors of the owner, a
Joint venture of W2 Development GmbH from Stuttgart and the Munich-based
investment specialists Competo Capital Partners GmbH.
Satellite Office relies on the following for the interior design of its future Stuttgart workspace
Ergonomics, sufficient space and quiet for healthy, concentrated, productive
Work. With surrounding terraces for plenty of fresh air and an underground car park, the following are created
from the 3rd to the 5th floor on a total area of 1550 sqm 32 individual offices with
over sixty jobs. Another forty workstations are located in team offices,
Coworking spaces and digital rooms. The interior design follows the “pureSilent®by Satelllite
Office -Strategy”. Thanks to this multiple architecture award winning
The room concept, which focuses on tranquility for concentrated and focused work, is available from
next spring in the middle of Stuttgart hybrid and agile working for maximum
Productivity possible. With distance and retreats like protected break-out
Areas, Phonebooth and soundproof room-in-room systems. Highly digitized,
soundproofed mini-rooms with TV in 4K technology allow participation in
digital conferences at the highest level. High-speed Wi-Fi included. Thereby all
Digital rooms, conference rooms and workstations by the hour, day, week or month
rentable. According to the needs of modern man! Anita Gödiker: “We are pleased
After a long search, we are able to launch a satellite office in Stuttgart that not only offers
but also to our more than 3500 Satellite Office customers.
will provide a home port in Stuttgart. And that at the highest level in location, building
and interior design.”

About Satellite Office:
Satellite Office operates thirteen luxuriously appointed offices in Germany and Switzerland,
flexible workspaces in a prime location. Started 25 years ago as a pioneer in Berlin, the
company today in Berlin, Hamburg, Düsseldorf, Frankfurt, Munich, Zurich, Geneva and
soon also represented in Milan and Stuttgart – always at the first address in the city and
still owner-managed by Anita Gödiker.
The joint venture partners

W2 Development Ltd:
W2 Development GmbH was founded in 2008 by the architect Stefan Willwersch and the
Businessman Frank Widmann founded. The office of the Stuttgart-based project developer consists of
from a team of real estate specialists, engineers and architects. In the
In the past few years, mainly commercial real estate in Stuttgart and the
region with a total volume of around €495 million was developed and sold.
At present, projects with a total volume of more than 500 million euros are under
of realization.

Competo Capital Partners GmbH:
Competo Capital Partners GmbH is an owner-managed and independent investment and
Asset Management Specialist. Core competence are individually tailored
Investments in German project developments with equity and mezzanine loans
as well as long-term investments in portfolio properties. Here Competo accompanies a small and
A select number of institutional investors, almost exclusively from the areas of
foundations and family offices. In project developments, Competo participates
Capital Partners with equity and mezzanine loans in selected real estate
Project developments of experienced developers in Germany in the areas of office, residential,
Retail as well as logistics and hotel. With Competo Capital Invest GmbH (KVG), the company has
Competo transferred its mezzanine business, which has been successful since 2014, into a closed
Loan Fund transferred. 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 combined investment volume of around 2.6 billion euros. In the segment of
As an investment and asset manager, Competo currently manages a portfolio of
Portfolio of 17 properties with an investment volume of over €1.2 billion to the
locations in Munich, Hamburg, Düsseldorf, Frankfurt, Stuttgart and Ulm. In total supervises
Competo thus represents an investment volume of over 3.8 billion euros in the real estate sector.

Images: Satellite Office GmbH

Press inquiries:
Annette Kissing
Press & PR Satellite Office
Kurfürstendamm 194
10707 Berlin
Mobile: 0151 – 21264044