Munich's investment market has continued for the third quarter in a row to perform outstandingly with a turnover of € 1.485 billion. Munich's commercial real estate is highly sought after by investors, which is so strong that there is no sight of a break. "In the first weeks of the third quarter we were able to offer our consultancy services for the conclusion of numerous transaction in the small and mid-size segments of up to € 50 million. Even in the coming months several purchases are pending" says Béla Tarcsay, Managing Director at Colliers International München GmbH.
Already before the start of construction, the "Tivoli Office" project by Hochtief Projektentwicklung was sold to a special fund managed by AXA Investmentmanagers Deutschland GmbH. The inner city project is not far from Munich's famous English Garden and offers approx. 7,000 m² of space, which is completely leased to Roland Berger Strategy Consulting GmbH. Colliers International acted as advisor on behalf of the seller.
Recently a fully let office and commercial building totaling more than 8,000 m² of space was able to be sold in Munich's Milbertshofen district. The property leased to BMW AG and Semcon GmbH changed hands for € 20.5 million. The new owner is Wealth Management Capital Holding GmbH. The investment specialists at Colliers were mandated with the sales process by the seller Prime Office REIT AG.
With a total space of 12,000 m², Business Campus Bogenhausen built in 1982 and situated at Klausenburger Str. 2-6 was sold. Bayerische Hausbau GmbH sold the property to Rock Capital GmbH. Furthermore Colliers International in Munich brokeraged three office properties situated in Munich's Schwabing, Milbertshofen and Moosach districts with a total of about 30,000 m² and a total € 66 million volume to various investors.
Next to the office properties, a residential building site for 60 housing units located in Munich's Obersendling district was sold to project developer Corpus Sireo. In addition to the ongoing market attractiveness for small and mid-sized transactions several large transactions are to take place by the end of the year so that the commercial real estate market is expected to record an investment volume of more than € 3 billion by the end of the year.