Eckpfeiler buys Obi market in Munich
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 states that the property also has large development potential. Standard Life had acquired the asset in 2015, prior to its merger with Aberdeen.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.