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 a total of 3,224 sqm offers space for businesses and medical practices, a restaurant, a day care center, and 33 rental apartments. The seller was legally advised on the transaction by the law firm of Glock, Liphart, Probst und Partner. Apart from Catella, BNP Paribas Real Estate was co-mandated to advise the seller. The “Catella MAX” fund invests mainly in assets located in the city of Munich and the neighboring counties.


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