The Grünwalder Watzl Group has acquired a premium portfolio with four commercial buildings and one office property in prime locations. The seller of the package with properties in five major cities in southern Germany and a total of almost 20,000 m² of rental space is a family office. The transaction volume was not disclosed. The sale includes a property with around 6,810 m² at Tegernseer Platz 7 in Munich and a property at Hasenbergstraße 31 in Stuttgart with 4,770 m². In Ludwigsburg, a house with 3,510 m² at Myliusstraße 16 is part of the portfolio, as is a property with 3,470 m² at Am Stein 6 in Ingolstadt. The smallest property with 1,400 m² is located at Philippine-Welser-Straße 13 in Augsburg. While the Stuttgart property is used purely as an office, all the others have a mix of retail, office and residential uses.
JLL advised the contracting parties and brokered the transaction.
