Cityhold Group, a joint venture of the Swedish pension funds AP 1 and AP 2 bought the 15,000 sq. m comprising office building near Stiglmaierplatz. Located at prominent Nymphenburger Strasse the ensemble consists of six different buildings with up to 10 stories. The modern property which was completed in 2003 is almost fully let and integral part of the quarters at Stiglmaierplatz. Main tenants are amongst others the law firms McDermott Will & Emery and Rölfs & Partner.
Seller was IVG Institutional Funds GmbH on behalf of one of the special real estate fond it manages. The purchase price remains confidential. During the transaction the vendor was advised by GSK Stockmann + Kollegen and the buyer by Sweden-based Mannheimer Swartling. Colliers International München GmbH was exclusively commissioned with the sale and accompanied the entire transaction process.
Location: 80335 Munich
Address: Nymphenburger Str. 3
Broker: Colliers International München GmbH
Type of use: office, gastronomy
Seller: IVG Institutional Funds GmbH
(on behalf of a managed special real estate fund)
Buyer: Cityhold Group
Area: approx. 15,000 sq. m, thereof 14,400 sq. m office space