Munich: “Westend Yards” sold in second attempt


Second time’s the charm: The “Westend Yards” in Munich will have a new owner. LaSalle Investment is buying the 30,000 sqm property from PGIM Real Estate. As TD learned from market insiders, the purchase price is €135mn. The first attempt to sell the asset had failed last fall, when Commodus and the occupational pension fund Ärzteversorgung Westfalen-Lippe were discussed as buyers. According to TD research, CBRE was contracted to market the property in a co-mandate with Brookfield subsidiary BFIN.

TD Premium

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.