German development and asset management group Bayerische Hausbau has bought the head office of HypoVereinsbank in Munich's city centre. Although the financial details were not disclosed, the transaction price is believed to be in the three digit figures.
German development and asset management group Bayerische Hausbau has bought the head office of HypoVereinsbank in Munich's city centre. Although the financial details were not disclosed, the transaction price is believed to be in the three digit figures.
HypoVereinsbank (HVB) announced it was putting its headquarters on the market in the spring of 2011.
The disposal also includes the Preysing-Palais and an adjacent parking garage. The lender will remain a tenant in the building until redevelopment on a new office at Arabellapark is complete.
