Rohrer Immobilien successfully completed a transaction in Munich at the recent Expo Real property fair. The company brokered the sale of a plot of land measuring around 2,000 square metres in the northern part of the city. The buyer is a Munich-based property developer, and the seller is a Bavarian family office.
Ten months after successfully brokering the sale of a building plot for 130 student flats in Munich, near the Mittlerer Ring on the U2 and U3 lines with a direct link to the Technical University (TU) and the Ludwig Maximilian University (LMU), Rohrer Immobilien has once again facilitated a transaction in the residential sector.
“The Munich housing market continues to be characterised by high demand for accommodation. Compact, well-designed flats in locations with good public transport links are particularly sought after. This is precisely where the planned development comes in,” said Sven Keussen, managing partner of Rohrer Immobilien. “At the same time, this latest transaction demonstrates that well-located plots with compelling development potential continue to attract significant interest from investors and property developers, even in the current market climate.”
Plans are in place to develop more than 100 residential units on the site, which has excellent links to local public transport. The development will primarily consist of flats and two-room flats, designed to cater for both the rental market and the demand from investors and owner-occupiers. The planned new development is intended to create a range of accommodation that appeals to different target groups. Whilst smaller flats are particularly attractive to single-person households, two-bedroom flats offer additional possibilities for couples and smaller households. At the same time, the small-scale housing structure opens up opportunities for private investors.
“The key to the success of such projects lies in the combination of a high-quality location, a mix of housing tailored to local needs, and economically viable development. Particularly in Munich, where building land is scarce and demand for housing is high, the development of suitable plots is of particular importance,” Keussen concluded.
