Munich: Real I.S. buys “M8” from Optima-Aegidius
Real I.S. has acquired the office project “M8 – Work & Create” currently under construction in Munich’s Werksviertel for the Spezial-AIF “Real I.S. Themenfonds Deutschland II”. The seller is Optima-Aegidius. After its completion in mid-2020, the building will have 16,800 sqm lettable space on six above-ground and two underground levels with 164 underground garage parking spaces. Main tenant will be special experiences gift card provider Jochen Schweizer mydays Group (JSMD). According to previous information, Optima-Aegidius is investing €130mn in the project. Real I.S. was advised on the transaction by the law firm Noerr of Munich; the seller was supported by the law offices of Zirngibl, also based in Munich. Colliers International brokered and managed the deal. The seller receives financing from Stadtsparkasse München. Long-term financing of the property will be provided by BayernLB.
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