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.
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