Real estate investor and asset manager Conren Land has bought a landmark office building in the German city of Munich for more than €168 million on behalf of Ferrado Inmuebles, Sandra Ortega’s real estate company.
The office complex, which is located in Munich’s Bogenhausen district, was bought from a company of Union Investment Real Estate, and offers approximately 21,300 square meters of leasable space.
As part of a planned asset enhancement programme, Conren Land aims to upgrade the building, which is currently fully let to a number of corporate tenants, the company said in a statement.
Source: realassets.ipe.com on the 15th of July