French REIT Eurovalys, managed by Advenis Investment Managers and focusing mainly on Germany, has purchased an office near Munich for €26.5 mln.
The asset is located in Poing, east of Munich, in an established commercial area. Built in 2000, it was completely renovated between 2014 and 2017 and comprises a total leasable area of 12,816 m2 including 12,056 m2 of office, 760 m2 of archives, a canteen and gym.
It has a total of 185 parking spaces including 126 indoor and 59 outdoor spaces.
The property is fully leased to EBV Elektronik, a subsidiary of the AVNET group founded in 1969 in the United States.
