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 €20/sqm”. The listed IT service provider adesso plans to relocate its Munich headquarters to approx. 8,000 sqm in the new quarter. Igenus Immobilien advised adesso on the property letting as part of an exclusive mandate. Various subsidiaries of Gruner + Jahr will also rent around 6,000 sqm, with CBRE acting as broker.


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