TD News International Location: Munich

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 [...]

Munich: Siemens “Legoland” to be sold

27/02/2019 A sale is shaping up in Munich that could be worth more than €1bn. The property in question is the Siemens site on Otto-Hahn-Ring in Neuperlach, also known as “Legoland”. As TD learned from market insiders, several groups of bidders are in the race for the 43 ha site. One of them is Hines together [...]

Munich: “Westend Yards” sold in second attempt

25/02/2019 Second time’s the charm: The “Westend Yards” in Munich will have a new owner. LaSalle Investment is buying the 30,000 sqm property from PGIM Real Estate. As TD learned from market insiders, the purchase price is €135mn. The first attempt to sell the asset had failed last fall, when Commodus and the occupational pension fund [...]

Euroboden buys hotel in Ebersberg, plans office building in Dornach

21/02/2019 Euroboden is currently engaged in several projects in the Munich region. The company has acquired the Hotel Hölzerbräu, at Marienplatz in the town of Ebersberg, and 4,000 sqm of land associated with it. The company intends to preserve the 50-room hotel and create 50 new apartments. Plans are also currently underway for a building with [...]

Munich: 14,500 sqm in “neue balan” leased

19/02/2019 The consulting firm Accenture signed a lease for 14,500 floor space in Munich’s “neue balan” campus a few days ago. They will be moving into the space in three phases by the fall of 2020, as lessor Allgemeine Südboden reports. To create the necessary space, the existing building 17 will be completely gutted and revitalized, [...]

Empira takes over igb

15/02/2019 The Swiss investment management firm Empira has taken over the Munich engineering firm igb Ingenieurgesellschaft Burgert. The announcement reveals Empira’s firmness in making significant expansion in the area of project development. igb’s team consists of 26 civil engineers, architects and experts, and specializes in new construction and development to existing properties in the residential, office, [...]