Commerz Real buys Munich office for EUR 50m

By A staff reporter 2008-08-22T00:00:00+01:00

Commerz Real said on Thursday that it has acquired an office property in Munich for an investment volume of EUR 50 mln. The building was completed in 2004 and is earmarked for the company's hausInvest europa open-ended real estate fund. The seller was not disclosed.

Commerz Real said on Thursday that it has acquired an office property in Munich for an investment volume of EUR 50 mln. The building was completed in 2004 and is earmarked for the company's hausInvest europa open-ended real estate fund. The seller was not disclosed.

Located in Munich's Obersendling district, the complex comprises three buildings with a gross lettable area of 22,000 m². The scheme is 85%-let to corporate tenants. The property also includes about 300 underground parking spaces.