Quantum Immobilien KVG has bought a 8,000sqm office building in Munich from Patrizia Immobilien.
Patrizia said it has sold the fully-let office building on behalf of one of its single investor funds for an undisclosed sum.
The office was built in 2008 and acquired by Patrizia in the same year.
Daniel Dreyer, Patrizia’s head of transactions in Germany, said: “We hand over the property having just secured a major re-letting which will keep the building fully let for the next ten years.
“The sale successfully completes the ten-year business plan for this asset, one which has created excellent value for our client.”