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Munich: P&P sells BIMA office building to KanAm

P&P has sold the office building on Zamdorfer Straße 88 in Munich to an institutional fund of the KanAm Grund Group. The property with 10,000 sqm floor space has been leased long term to the German Institute for Federal Real Estate (Bundesanstalt für Immobilienaufgaben, BIMA) since 1 September 2017. BIMA is using the building in its capacity as a public authority as its central cyber security office ("Zentrale Stelle für Informationstechnik im Sicherheitsbereich" or ZITiS). The structure was originally built in 2001 on a roughly 5,200 sqm lot and has five stories, an underground garage with 104 parking spaces, and 39 outdoor parking spaces. JLL advised P&P on the transaction.

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