Union Investment offloads an office property based in Munich

Union Investment offloads an office property based in Munich
The property has a rental area of around 23,700sqm and 325 parking spaces
Eirini Theofanidou
17.11.2021
Union Investment has sold an office building at Landsberger Straße 368-374 in Munich for around €100 million.
The property, which was completed in 2003, has a rental area of around 23,700sqm and 325 parking spaces and is currently fully let.
The buyer is a subsidiary of APL Europe GmbH, a private company that invests in real estate, renewable energies and private equity transactions – since 2019 also in Germany. The company has offices in Munich, Berlin and Luxembourg.