MGPA secures further lease agreement for Munich City Tower

Private equity group MGPA has let 2,500 m² of Munich City Tower Campus Building to Go Yellow Media Group. The majority of Go Yellow Media Group's employees will relocate to the Campus building in August 2009. In addition the company will remain as a tenant in two floors of the tower.

This announcement follows the recent agreement with a health insurance company for a 3,000 m² lease and means that 85% of the Campus building has now been let. Until now the building has been the headquarters of MAN who has recently relocated to its new headquarters.

Marius Schoener, head of MGPA Germany, commented: 'Within the last two quarters, we have signed new leases for over 9,000 m² of space at Munich City Tower which is very pleasing and demonstrates the strength of our offering and the benefits of the good location of the building.'