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


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.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ 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.