ABG Capital, ABG Real Estate Group’s investment management entity, has acquired the ART155 building, a property at Landsberger Strasse 155/159 in Munich, in cooperation with a small group of occupational pensions schemes.
The total investment volume amounts to approximately €150 mln. The building was sold by Goldman Sachs Asset Management and DW Real Estate.
The fully let office building formerly known as Artemis is situated on Landsberger Strasse in the Westend neighbourhood, very close to Munich’s middle ring road and the Munich West suburban railway line.
Built in 2000 and most recently modernised in 2021, the building features anchor tenants such as EdgeConnex, Ecos Office Center, Check24, and Hill-Rom.
Ulrich Höller, managing partner at ABG Real Estate Group, said: 'With the acquisition of the ART155 property, ABG Capital has built an asset base worth over €450 mln in its first financial year.
'In doing so, we place the emphasis on properties offering future potential – particularly in terms of sustainability, which continues to grow in importance.'
The asset offers customisable rental spaces from 200-4,600 m2, totalling around 23,200 m2 spread over five floors above the ground, more than 280 parking spaces on two underground floors, and a direct connection to a high-speed internet node.
The building has been certified according to the BREEAM standard. In addition, ESG standards have already been implemented in many areas, ensuring compliance with the Paris Climate Agreement until 2041 without any further investment.
ABG Capital was supported in executing the transaction by GSK Stockmann (legal advice), Drees & Sommer SE (technical due diligence), ALR Treuhand GmbH (tax advice) sowie Colliers and CBRE (estate agents).
