Key Facts
- Commercial property in a central Munich location on Nymphenburger
Straße with ESG optimisation potential - The seller is a private investor
- Total lettable area of around 3,000 square metres
- In addition to well-known office tenants, two restaurants have rented catering space
The Investment
The investment manager KINGSTONE Real Estate (KINGSTONE RE)
has acquired a commercial property in Munich-Neuhausen
, Nymphenburger Str. 70, together with private wealth investors. The total area of around 3,000
square metres is mainly used by well-known office tenants. In addition, there are two restaurants in the building. The seller is a private investor. The purchase price is in the double-digit million euro range.
The building is located directly at the Maillingerstraße underground station, and Munich Central Station can be reached by public transport in a few minutes. The commercial property, which was built in 1973, is to be comprehensively renovated in terms of energy efficiency in the next few years.
Potentials & Perspectives
Michael Sacher, Managing Partner of the value-add subsidiary KINGSTONE RE
Opportunity, says: “With this acquisition, we are taking over the asset management of an
existing property for which we see great ESG optimisation potential. The location in
the popular district of Neuhausen, the excellent public transport connections and the stable tenant structure offer a solid foundation to create added value together with our investors. In the next few years, the property is to be renovated in order to bring it into line with our ESG requirements.”
Friedrich von Carlowitz, Managing Director of the subsidiary KINGSTONE Capital
Advisory, adds: “We are seeing great interest and brisk demand from private wealth investors and family offices for investment opportunities in the value-add segment.
Accordingly, we are very pleased about the trust that investors have placed in our asset
management expertise and about the expansion of our portfolio to include a
commercial property with the main use of ‘office’. Modern office space continues to be in demand, especially in top locations in A-cities.”
The due diligence was accompanied by the law firms Vesthaus (Hamburg) and RSM Ebner Stolz
(Hamburg). REAL ASSET Projektentwicklung Immobilienmanagement GmbH from Munich is acting as a service developer.
With this acquisition, we are taking over the asset management of an existing property for which we see great ESG optimisation potential.
Note Image rights
The use of the sent photo is only permitted in the context of reporting on the
Company KINGSTONE RE. Please cite the following source: KINGSTONE RE. The photo may only be edited as part of normal image editing.
About KINGSTONE Real Estate
KINGSTONE Real Estate is an independent, family-run investment manager headquartered in Munich and specialising in real estate investments in the DACH region, Poland and the Benelux countries. With our local teams, we manage a real estate portfolio of around EUR 1 billion.
Our focus is on structuring and managing tailor-made
investment solutions. The range of services extends from transactions to asset management and project development and is aimed at institutional and private investors – including insurance companies, pension schemes, banks, foundations and family offices.
