Asset Manager and seller’s representative is Munich-based BLUE Asset Management GmbH. The building ensemble comprises over 30,000 sq. m space for offices and medical practices, in addition to large retail spaces and numerous apartments. The property’s size and its noticeable white facade alone make the ensemble a characterizing and now indispensable landmark at Arabellapark. In the mid-60s Arabellapark was developed as one of Munich’s largest urban expansion projects providing space for 10,000 residents and 20,000 jobs. New owner of the property is a company of Jargonnant Partners S.à r.l. The purchase price remains confidential. Financing bank is BayernLB. During the transaction Görg Lawyers legally advised the buyer and Clifford Chance the seller. The investment team at Colliers International München GmbH was acting as advisor and broker.
Location: 81925 Munich
Address: Elektrastr. 6-6a, Engelschalkinger Str. 12-14
Broker: Colliers International München GmbH
Type of use: Office, retail, residential
Seller: Seller’s representative is BLUE Asset Management GmbH
Buyer: Jargonnant Partners S.à r.l.
Area: approx. 50,000 sq. m