The office will initially host up to 200 of Patrizia’s London-based employees, including its new Patrizia Infrastructure business.

Mäander is located in an established innovation cluster near Munich.

The project will be built on land that is currently vacant covering c.45,000 square meters.

Phāea Resorts will offer sales, marketing and revenue management services to the company.

First prices have been set at 264,000 euros, 272,000 euros and 290,000 euros, ie the total starting price is set at 826,000 euros.

The company was co-founded by the family office of Stavros Ephraimidis and the Delfi Partners group.

Citi will remain in North Wall Quay for some time after it has sold the building.

Investec announced that it has provided student housing developer Tribe with the loan.