Commerz Real Invests in Munich

Commerz Real just acquired an office property in Munich with an investment volume of approximately 50 million Euros. The building was completed in 2004, and is earmarked for the company’s “hausInvest europa” open-ended real estate fund.

Located in Munich’s Obersendling district, the office complex comprises three parallel and interconnected building segments that add up to a gross lettable area of 22,000 m². The complex is let to 85 percent to renowned corporate tenants. The property also includes about 300 parking spaces in the underground car park. Owing to the its flexible structures, the building can be subdivided by floor, forming up to ten separate rental units. In addition to the modern technical equipment, the building’s natural-stone façade is striking in its conspicuous architecture and fastidious workmanship. Last but not least, the property benefits from its great accessibility via the city’s expressway and public transportation networks.