Union Investment Real Estate has bought the Atmos office development in Munich for more than EUR 100 mln from CA Immo, the Austrian company said in a press release on Monday.
Union Investment Real Estate has bought the Atmos office development in Munich for more than EUR 100 mln from CA Immo, the Austrian company said in a press release on Monday.
The six-storey building is located in the Arnulfpark district of Munich and was completed in January 2009 by CA Immo subsidiary Vivico. It is designed and built as a 'green building', meeting over 50% of its energy requirements from renewable sources. The building has a rentable area of around 26.500 m2 and 270 parking spaces. Pharmaceuticals company Bristol-Myers Squibb has signed up for around 10.600 m2 of space in the building, which is set to become its head office.
CA Immo also said that it has secured a EUR 254 mln loan for its planned EUR 450 mln Tower 185 in Frankfurt. The loan was provided by a banking consortium led by Eurohypo and comprising DG Hyp, Deutsche Hypo and RZB.
The 50-floor office building forms the entrance to Frankfurt's Europaviertel district, currently under development by CA Immo subsidiary Vivico.
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