S&P starts with €40mn project near Munich
Sontowski & Partner (S&P) is all set to start the development of a €40mn residential and commercial building on the former site of a primary school in Gauting near Munich. The building permit has been granted. By the early summer of 2021, about 3,800 sqm living space and 2,500 sqm retail space are to be built on the roughly 4,500 sqm lot on Bahnhofstraße. Added to that will be 300 sqm lettable space for medical practices. Edeka (1,230 sqm) and dm (590 sqm) have been signed as anchor tenants. The residential building will have 52 rental apartments, three of which are rent controlled. S&P had presented initial plans for the project as early as 2016, but there had been several delays, among them a citizens’ referendum.
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