Agent BNP Paribas Real Estate has been recruited to advise on the sale of the O2 tower in Munich.
It would be the second sale attempt by the owner, the Singaporean sovereign wealth fund GIC, to sell the 146-metre high tower after first trying to divest the asset in 2016.
GIC, which bought the building in 2007 from Hines for a price of around €300 mln, is understood to be seeking up to €600 mln for the asset, which is located opposite the Olympic Stadium on the Georg-Brauchle-Ring.
O2 is situated next to the Olympia shopping mall and offers four seven-story campus-style buildings next to the office tower. The 50,700 m2 tower is leased to O2, which recently renew its lease agreement.
BNPPRE declined to comment.
The sale was first reported by German news outlet Thomas Daily.
