TD News International Location: Munich

Munich: Design Offices rents 16,300 sqm in the “Macherei”

07/08/2019 Design Offices is moving into Munich’s “Macherei”, occupying a total area of 16,300 sqm in the entire M6 section of the new quarter from joint venture partners Accumulata and Art-Invest. The coworking provider will then move into the quarter as its first tenant in early 2021. GSK Stockmann advised the lessor; CMS Hasche Sigle advised [...]

Akelius sells apartments in Munich and Hamburg for €420mn

06/08/2019 Akelius has announced the sale of 1,492 residential units from different construction years – half of which are located in Munich and half in Hamburg – for €420mn, corresponding to €4,800/sqm. The company declined to comment on rumors that the buyer is Patrizia. The Augsburg based investment firm did not respond to the inquiry. With [...]

Munich: Stadtsparkasse buys “Kuvertfabrik”

31/07/2019 Bauwerk Development has sold the historic “Kuvertfabrik” building to Stadtsparkasse München. The historic envelope factory building, located at Landsberger Straße 444-446 in Munich’s Pasing district, was sold last week as part of a forward deal shortly before the start of renovations. TD has learned from market insiders that the purchase price was around €40mn. Glock [...]

Munich: Zoning plan for up to 2,000 Eggarten apartments underway

25/07/2019 CA Immo and Büschl Group will likely be able to start construction on a residential quarter in Munich’s Feldmoching-Hasenbergl district in 2024. The plan will include 1,750 to 2,000 apartments on the roughly 21 ha site of the so-called Eggarten, for which the city council has now decided to issue a zoning plan. In the [...]

Munich: Catella sells “Pasinger Triangel” to LV 1871

25/07/2019 Catella Real Estate has sold the mixed-use building “Pasinger Triangel” in Munich’s Pasing district and thereby concluded its first sale out of the “Catella MAX” special fund. The buyer is the life insurance arm of 1871 a. G. München (LV 1871). The deal was brokered by Catella Property. The five-story residential and commercial building with [...]

Spezialfonds of ehret+klein and Avana buys property near Munich

25/07/2019 The real estate Spezial AIF “Greater Munich Real Estate Fund” has acquired a commercial property in Brunnthal near Munich in an asset deal. Seller of the single-tenant building is Hartinger Immobilien of Rosenheim. Ehret+klein, the asset manager for the fund, supported the transaction. Zinshaus Oberbayern, also of Rosenheim, brokered the deal. The building dating from [...]

Büschl Group takes on two 155 m towers in Munich

24/07/2019 Büschl Group intends to build two high rises 155 m in height in Munich. The project represents a milestone for urban planning in the city. For the first time since the high rise referendum of 2004, in which an upper limit of 100 m was defined and which is now no longer binding, an investor [...]

Munich: SPD wants to apply a rent freeze

24/07/2019 Munich’s city council will decide today whether rent prices for the city’s own residential properties will be frozen from August until 2024. The push was initiated by the SPD faction in the city council, who wants to introduce the measure in addition to the rent control regulation already in place. According to the city administration, [...]

Munich: Lambert and Residia planning double hotel with 528 rooms

23/07/2019 A joint venture of Munich Hotel Projekt and Residia Group is building a double hotel with 528 rooms on Ingolstädter Straße 44 in Munich. The complex with 19,000 sqm GFA was fully leased to Primestar Hotel prior to the start of construction. The plans call for establishments of the Hampton by Hilton and Holiday Inn Express [...]

Norges put “Lenbach Gärten” with Apple on the block

22/07/2019 The “Lenbach Gärten” complex in Munich will be put up for sale, as TD learned from market insiders. The Norwegian sovereign wealth fund Norges Bank Investment Management (NBIM) had bought the ensemble consisting of two office buildings with 25,000 sqm floor space in 2014 for about €176mn and held it since then. The market is now [...]