Munich: Invesco acquires commercial property in Euro-Industriepark
Invesco has acquired a mixed-use office and industrial property with 20,600 sqm of lettable space in the northern area of Munich. Research by TD has determined that this involves the property at Hufelandstraße 16-24, which is let to BMW. The property was previously in the portfolio of a Doblinger Group-launched fund. Invesco reports that the property was bought off-market for a German individual mandate. The buyer was advised by CMS (legal) and RE-Konzept (technical). The property consists of three buildings which include a four-story office building, production and factory space and a multi-level parking garage.
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