German fund manager Wealthcap has announced the acquisition of the new Baywa headquarters in Munich for around €280 mln.
German fund manager Wealthcap has announced the acquisition of the new Baywa headquarters in Munich for around €280 mln. The vendors are developer Competo and agriculture and energy group Baywa, which occupies the entire building with a 20-year lease agreement.
The office complex is currently being renovated and extended, and it will provide a total of 54,000 m2 on completion scheduled for October 2017.
