Savills News

Jargonnant Partners S.A. sells “AVIO” at Munich Airport

Jargonnant Partners (JP) has sold a multi-tenant property situated to a private equity firm.

Jargonnant Partners (JP) has sold a multi-tenant property situated at Eichenstraße 11 a-d in Oberding/Schwaig to a private equity firm. The principal tenants of the 12,000 sq m “AVIO” are the food safety authority of the Free State of Bavaria and Munich Airport. JP acquired the “AVIO” in 2016 and has successfully repositioned the property. Montano Asset Management GmbH is instructed with the property management / lettings management and has negotiated new leases on approximately 90% of the space during this period. The firm has retained the asset management mandate following the disposal of the property.

Global real estate services provider Savills advised the vendor exclusively on the asset deal. GÖRG Partnerschaft von Rechtsanwälten mbB provided legal advice to JP. The investment volume was not disclosed.

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