Savills negotiates sale as sole agent in Munich-Pasing

31 May 2018

A single-tenant property at Landsberger Straße 410d/412 in Munich’s Pasing district has changed hands. The property was sold by a property company of Advantum to an institutional investor via a share deal. The Free State of Bavaria has been the sole occupier of the property for 20 years on a long-term lease that will continue under the new owner. Global real estate services provider Savills exclusively marketed the property and advised on the sale.

“The property is situated in an up-and-coming location with a number of developments currently in progress along the Laim-Pasing axis. The property will also be close the U5 underground line going forward, providing good infrastructural links,” says Michael Gail, Associate Director of Investment and Team Leader of Investment for Savills in Munich, adding: “In the government institution, the new owner also has a reliable and stable anchor tenant. Together, these factors make the property a secure, long-term investment case.”

 
 

General Enquiries

Savills Berlin

 

Key Contacts

Michael Gail

Michael Gail

Associate Director / Teamleader Investment Munich
Investment

Savills Munich

+49 89 427 292 213