International office tenants welcome addition of new hotel offer to the Lohhof Quartier
In Unterschleissheim, the signs are pointing to a new beginning. With B&B HOTELS, Union Investment is bringing an international brand with a high appeal to the Lohhof office location and, by converting around 3,400 m² of vacant office space into 93 hotel rooms – 20 kilometres south of Munich Airport – is creating an attractive change of use from which the international office tenants in the quarter and the surrounding area in particular should also benefit. The lease agreement now concluded between the French economy chain, which currently operates over 225 stores in Germany, and Union Investment has a term of 20 years. Union Investment's open-ended real estate fund UniImmo: Europa is investing around EUR 9.6 million in the sustainable redesign of the office space that is no longer needed after Deutsche Pfandbriefbank moved out in 2019. The building application is in preparation, and the handover of the space to the hotel is planned for the third quarter of 2027. With the rental decision, B&B HOTELS is not only taking advantage of the optimal visibility for the brand on the A13 and the direct S-Bahn connection to the airport and Munich city centre. As part of its international expansion course, B&B HOTELS is also closing the gap at the Unterschleissheim location, where no comparable business hotel has been represented so far. The support of local authorities and politicians for the district development that has now begun is correspondingly strong.
For prospective tenants as well as for the long-standing existing tenants and the newly acquired users Sauter-Cumulus GmbH and TenneT TSO GmbH, which occupy a total of around 1,600 m² of office space, the expansion of use to include the business hotel means a significant upgrade of the previously pure office location. In addition, there is the prospect that, in addition to a fitness center that is in final negotiation, catering providers and retailers can also be inspired for the reinventing location. "The redesign of the former IT port carried out in 2019 and the continuous maintenance measures are now paying off. The concept of cautious transformation is beginning to take hold – and is now even creating demand again on the office user side," says Kristina Mattheis, Senior Asset Manager at Union Investment. Union Investment is currently in concrete negotiations for a total of 3,000 square metres of office space. The opening of the previously completed site to the outside world is part of the conversion project and strengthens the increasing demand.
The conversion from office to hotel was one of several intensively examined options for owner Union Investment. The conversion of the vacant office space into light industrial, serviced apartments or residential was then rejected in favour of a hotel solution that was perfectly suited to the location. "The B&B HOTEL will have a common access core with the adjacent office building. This offers the decisive advantage that not everything has to be turned inside out. We can dock onto existing systems for building services. This reduces costs and makes the conversion sustainable, because we can use most of the resources we have," says Malte Schönbohm, technical project manager at Union Investment.
The B&B HOTEL, which is close to the airport, will be equipped with 50 underground parking spaces. Ten parking spaces are to be equipped with e-charging stations.
"With the conversion of the office space in Unterschleissheim, we are taking the opportunity to close a gap in the market at an ideally connected location and at the same time create a sustainable hotel offer. This project is a prime example of our ability to intelligently and efficiently transform existing properties into attractive hotel solutions," says Tobias Gollnest, Chief Development Officer, B&B HOTELS Central & Northern Europe.
Alexander Zahrt from Deal Manufaktur GmbH acted as an intermediary.
