German property investor WealthCap has acquired a business centre and adjoining bus station at Munich's Arnulfpark from developer Hochtief for close to €60 mln.
German property investor WealthCap has acquired a business centre and adjoining bus station at Munich's Arnulfpark from developer Hochtief for close to €60 mln.
The 36,500 m2 property will feature 10,000 m2 of office and 7,000 m2 of storage space as well as 7,000 m2 for restaurants, events and retail in the form of a shopping arcade.
The bus station, covering 18,000 m2, was opened in 2009.
The deal was brokered by Colliers International.