Real IS buys mixed-use asset in Munich for new fund

German real estate investor and asset manager Real IS has bought the Regerhof mixed-use asset in Munich from Bavarian construction group Bayerische Hausbau for an undisclosed amount.

The complex provides 10,500 m2 of office accommodation and 2,800 m2 of retail space. It holds a DGNB Gold environmental certificate.

'With the acquisition of the Regerhof, the building up of a portfolio for our new closed-end retail AIF Real IS has started,' commented Jochen Schenk, CEO of Real IS. 'The object fits into the fund thanks to its mixed tenant structure and the attractive location.'

CBRE advised the vendor.