TD News International Location: Munich

S&P starts with €40mn project near Munich

12/06/2019 Sontowski & Partner (S&P) is all set to start the development of a €40mn residential and commercial building on the former site of a primary school in Gauting near Munich. The building permit has been granted. By the early summer of 2021, about 3,800 sqm living space and 2,500 sqm retail space are to be built [...]

Munich: Real I.S. buys “M8” from Optima-Aegidius

04/06/2019 Real I.S. has acquired the office project “M8 – Work & Create” currently under construction in Munich’s Werksviertel for the Spezial-AIF “Real I.S. Themenfonds Deutschland II”. The seller is Optima-Aegidius. After its completion in mid-2020, the building will have 16,800 sqm lettable space on six above-ground and two underground levels with 164 underground garage parking spaces. [...]

Munich: AEW buys Accor headquarters from KanAm

20/05/2019 AEW has acquired the Accor headquarters in Munich, as TD learned from market insiders. The seller is KanAm’s open-ended private fund Leading Cities Invest, which had held the property in its portfolio since the fall of 2016. The total investment volume is said to be about €30mn. The ensemble on Hanns-Schwindt-Straße 2-4 was built in [...]

Eckpfeiler buys Obi market in Munich

29/04/2019 Eckpfeiler Immobiliengruppe has acquired the Obi home improvement market in Munich-Neuaubing from a fund by Aberdeen Standard Investments. The market was built in 2009 on a 24,000 sqm site between Pasing and Freiham. Eckpfeiler states it has over 11,000 sqm floor space. A long-term lease has been established with Obi. Eckpfeiler’s Managing Director Wolfgang Bogner [...]

Munich: FitStar, Lidl, and Sparkasse lease nearly 5,000 sqm in “Perlach Plaza”

29/04/2019 More tenants have been signed for the “Perlach Plaza” in Munich. The fitness studio FitStar will be moving into roughly 1,800 sqm, about 1,700 sqm have been leased by Lidl, and savings bank Stadtsparkasse München will occupy around 1,350 sqm. More than 60 % of the retail space is now pre-let before the start of construction, [...]

Munich: Avignon and Pierce buy VW logistics center

17/04/2019 Avignon Capital and Pierce Capital Investments have jointly acquired a logistics center in Munich leased to Volkswagen. They acted as investment and asset managers for South Korean investors, whose local representative is Hyundai Asset Management. According to a release, the seller of the property is a private investor. The structure with 46,000 sqm floor space, [...]

Munich: Art-Invest buys “Gleko-Häuser” for €75mn

16/04/2019 Art-Invest Real Estate has acquired the two office buildings known in property circles as the “Gleko-Häuser” in the east of Munich. The portfolio contains two existing structures and a 2,000 sqm parking lot. The seller is Gleko Wohnbau GmbH Grundbesitz KG. As TD learned from market insiders, the purchase price is about €75mn. One of [...]

Munich: CV Projektentwicklung and KanAm fund acquire Da Vinci Campus

09/04/2019 CV Projektentwicklung, together with KanAm’s “German Development Fund”, has acquired the Da Vinci Campus in Munich. The office complex is located at Klausenburger Straße 9 in the eastern part of Munich and comprises two buildings with a total area of around 18,000 sqm. The seller is a company of the Walter Group. The two buyers [...]

Munich: Corestate acquires office property for €54mn

04/04/2019 Corestate is acquiring an office and commercial property on Schatzbogen in Munich for €54mn. TD has learned from market insiders that the property is Schatzbogen 50-62, which was held by the Grünwald-based RDR Group. Nearly two thirds of the 22,635 sqm of lettable space are for offices and 15% for warehouse space, with the remainder [...]

Rock and Planworx to build recreation and office complex near Munich

21/03/2019 Rock Capital and Planworx intend to build a surf park and a multifunctional building at the Munich Airport Business Park (MABP) in Hallbergmoos, near Munich. TD has learned from market insiders that the investment volume is expected to reach €100mn. The project will be built on around 32,000 sqm in a central area of the [...]