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.
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.