Munich: Grothe buys Sendlinger Straße 44
Grothe Group has acquired the commercial property Sendlinger Straße 44 in Munich, as TD found out from market sources. The seller of the building with 2,026 sqm lettable space is Tectaplan Group. According to TD research, the purchase price is €48mn at a factor of 40. Retail tenant is H&M subsidiary Weekday. Colliers International had been mandated to sell the property. Neither buyer nor seller was willing to comment on the transaction upon TD inquiry.
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