Munich-based real estate investor Real I.S. has acquired an office building which will house the Bavarian headquarters of energy company E.on for EUR 70 mln. Property adviser BNP Paribas Real Estate acted for the vendor, German developer Fay Projects. Real I.S. is to develop the project in a joint venture with Fay.
Munich-based real estate investor Real I.S. has acquired an office building which will house the Bavarian headquarters of energy company E.on for EUR 70 mln. Property adviser BNP Paribas Real Estate acted for the vendor, German developer Fay Projects. Real I.S. is to develop the project in a joint venture with Fay.
The project involves the development of a 20,600 m2 office property on a 16,000 m2 plot at Lilienthalstrasse in Regensburg. E.on Bayern has signed a 15-year lease on the property with an option to renew.
