TD News International Location: Munich

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, [...]

Munich: John Reed moving into “Macherei”

13/02/2019 Art-Invest Real Estate and Accumulata Real Estate have signed a long-term lease with McFit Global Group for the Munich quarter development “Die Macherei”. In 2021, the fitness enterprise will open the first “Fitness Music Club” under the John Reed Fitness brand in Munich at the Macherei. The urban club concept combining design with music and fitness [...]

Munich: M&G buys “Aurum” for over €80mn

08/02/2019 M&G Real Estate has acquired the “Aurum”, located on Radlkoferstraße in Munich’s Theresienhöhe district, on behalf of its M&G European Property Fund. The seller of the 13,768-sqm property is a fund managed by J.P. Morgan. Market insiders have revealed that the purchase price was between €80mn and €90mn. The property is fully let and was [...]

Munich: Corestate buys office building and plans expansion

05/02/2019 Corestate has acquired an office building in Munich-Perlach and intends to refurbish, expand, and fully lease it by the end of 2020. The total planned investment is €66mn, the company states. The intention is to build a multi-story office pavilion on an area currently used as a parking lot. Aamundo will be handling the development [...]

Munich: Empira buys “South One” from Isaria

29/01/2019 Years of uncertainty about the future of the “South One” in Munich have come to an end. As TD learned from market insiders, Isaria has sold the office tower on Baierbrunner Straße, which was formerly used by Siemens, to Swiss investor Empira. The purchase price is said to have been €95mn. BNP Paribas Real Estate had [...]

Munich: Wealthcap acquires two LBBW office buildings

24/01/2019 Wealthcap acquired two office buildings in Ismaning, near Munich, from LBBW Immobilien Asset Management at the end of 2018. The purchase price is said to be around €25mn. The two three-story buildings, located at Reichenbachstraße 1 and 3, were built in 2000 and have 9,300 sqm of lettable space. The buildings were part of the [...]

Munich: UBM plans quarter on 3 ha in Moosach

21/01/2019 UBM Development has acquired a development lot measuring 28.000 sqm Baubergerstraße in Munich-Moosach as part of an off-market deal. Plans for the lot, which is currently occupied by a shipping company, call for a mixed-use quarter with apartments and offices. As UBM has stated, the conception phase is expected to take three to four years. [...]

Wirecard leases 40,500 sqm in Aschheim near Munich from Rock Capital

15/01/2019 Wirecard is consolidating its headquarters, currently divided over five locations in Aschheim near Munich, at the “Campus One”. The DAX-listed technology and financial services provider will be occupying 40,500 sqm office space on Einsteinring 30. Rock Capital is the lessor. CBRE supported Wirecard with establishing the contract. The law firm of Osborne Clarke legally advised the [...]

Munich: 14,000 sqm let in New Eastside Factory Loft

10/01/2019 The Optima Aegidius Group, together with its project partner Competo Capital Partners, signed two new leases for its new 14,000-sqm building project “New Eastside Munich Factory Loft” just before Christmas, bringing the occupancy rate to 70%. In a press release, the company stated that “with regard to the rents, we are now moving noticeably above [...]

Munich: Investment volume climbs 6 %

07/01/2019 The transaction volume of commercial properties traded in Munich increased by 6 % last year to €6.5bn, Colliers International reports. Particularly a strong 4th quarter, which alone saw property sales worth €2bn, contributed to the good result, the market report explains. The largest deals of Q4, according to Colliers, were the “Oskar” in the city [...]