IVG Development GmbH, a subsidiary of IVG Immobilien AG in charge of the project developments, has acquired realties in the center of Munich from aurelis Real Estate GmbH. The realties at Landsberger Street 78-100 are centrally located between central station and Donnersberger bridge and convince with their excellent transport connections.
Two office properties with more than 28,000 m² premium rental spaces and a basement garage with 230 parking places are to be built on these realties. Start of construction is planned for spring 2008, completion is estimated for autumn. This project development will be supervised by the Munich branch of IVG Development.