TD News International Location: Munich

Munich: Grothe buys Sendlinger Straße 44

17/12/2018 Grothe Group has acquired the commercial property Sendlinger Straße 44 in Munich, as TD found out from market sources. The seller of the building with 2,026 sqm lettable space is Tectaplan Group. According to TD research, the purchase price is €48mn at a factor of 40. Retail tenant is H&M subsidiary Weekday. Colliers International had been [...]

Munich: Quantum buys office building in Parkstadt from Patrizia

11/12/2018 Quantum has acquired the multi-tenant office property “Parksite” in Munich’s Parkstadt Schwabing for an individual fund launched by BNP Paribas REIM Germany. The seller is Patrizia. The four-story office building on Wilhelm-Wagenfeld-Straße 1-3 with more than 8,000 sqm was erected in 2008 and is fully leased. Patrizia asked €6,300/sqm for the building, which corresponds to a [...]

Munich: BVT rents three floors in “Highrise one”

07/12/2018 The “Highrise one” building in Munich’s “Werksviertel” quarter is now fully let, according to its developer, Reiß & Co. The BVT Group has secured a total of 2,200 sqm distributed over the office tower’s 12th to 14th floors and will move into the Rosenheimer Straße offices in 2019, maintaining its headquarters there. Savills exclusively advised [...]

Munich: Quantum buys AXA property “Baloon”

05/12/2018 Quantum has acquired the Munich office building “Baloon” from a mandate managed by AXA IM Real Assets for a real estate fund launched by Universal-Investment. The two-part ensemble has 22,000 sqm lettable space and was part of AXA’s portfolio since 2016. While one section is leased to the city of Munich for a very long [...]

KanAm Süddeutschland fund buys two assets in Munich

28/11/2018 The portfolio of the Fokus Süddeutschland fund by KanAm Grund Group, which addresses institutional investors, is growing by two more properties in Munich. As KanAm reports, they have acquired a wholesale warehouse with office section in the commercial park Am Moosfeld on Valentin-Linhof-Straße, as well as an office building with apartments on Haidelweg in Pasing-Obermenzing. [...]

Munich: “Mona” is being revitalized – Decathlon moving in

26/11/2018 The local supply center “Mona” in Munich’s Moosach district, which was acquired by KGAL in mid-2014 for a Spezial-AIF, is going to be revitalized. The new concept for the 32,500 sqm office and retail building is to be finished by 2019. One new anchor tenant will be Decathlon, who is planning to open a new [...]

Munich: Deichmann leases 2,000 sqm in the “Joseph Pschorr Haus”

23/11/2018 The shoe retailer Deichmann intends to open a flagship store in the “Joseph Pschorr Haus” in Munich’s historic city center in July 2019. The building is located at Neuhauser Straße 19-21, where the store will have 2,000 sqm distributed over two levels. Deichmann intends to close its current store at Kaufingerstraße 10 in May 2019, [...]

Munich: Urban Progress plans office building in Sendling

20/11/2018 Developer Urban Progress intends to build a so-called network building with 3,500 sqm floor space on the site of a former car repair shop on Gotzinger Straße in Munich-Sendling. The 5-story building called “comN” and designed by YES Architecture will have mainly office space (2,000 sqm for up to eight units). A 200 sqm space [...]

Munich: Herzog & de Meuron plan quarter for “Paketposthalle” site

14/11/2018 The Basel architectural firm Herzog & de Meuron is to create an urban master plan for the “Paketposthalle”, the Deutsche Post’s former package logistics center in Munich, as well as the surrounding property near the Friedenheimer Bridge. This was announced by the Büschl Group, which acquired the 100,000 sqm site from Deutsche Post in August. [...]

Pharma group leases 12,000 sqm in Skygate near Munich Airport

07/11/2018 Pieris Pharmaceuticals, a biotechnology company, has leased around 12,000 sqm in the Skygate complex in Hallbergmoos near Munich. In late 2019 Pieris will relocate its current headquarters from the Innovation and Start-up Center for Biotechnology (IZB) in Freising’s Weihenstephan district, moving into two sections in Skygate with areas of 10,000 sqm and 2,000 sqm each. [...]