Germany’s Woehr & Bauer has received a boost for a project estimated to have an end value of €400 - €500 mln.
Global advisory firm KPMG has signed a 15-year lease for 31,000 m 2 at the Optineo scheme, which is under construction at the site of a former oil manufacturer in Werksviertel, one of Munich’s most innovative quarters.
Up to 2,500 people can be accommodated at the project that is due for completion in 2022.
‘The fact that KPMG went ahead with the signing of the lease despite the outbreak of Covid-19 testifies to the quality of the project and its design,’ said Wolfgang Roeck, managing partner.
JLL acted as advisor to the tenant.
Woehr & Bauer is developing the scheme with the Maltz family office, which is the former owner of the Optimol Oil Works production company.
Barbara Knoflach, former deputy CEO of BNP Real Estate, is said to be an advisor to Woehr & Bauer though was not directly involved in the letting.
