Aspen Group Ltd. (TASE:ASGR) and S. Shlomo Insurance Company Ltd acquired Stuttgart Property for €34 million from Prime Office REIT-AG (XTRA:PMO) on January 17, 2014. The property reported rent is €2.5 million. Aspen Group acquired 70% stake and S. Shlomo Insurance acquired 30% stake in the transaction. Aspen and Shlomo Insurance have a letter of commitment from a German bank for a €24 million to finance the purchase and remaining €11.8 million from independent resources.

Aspen Group Ltd. (TASE:ASGR) and S. Shlomo Insurance Company Ltd completed the acquisition of Stuttgart Property from Prime Office REIT-AG (XTRA:PMO) on January 17, 2014.