The asset management of the KGAL Group has agreed a long-term contract for a new letting as well as a contract extension for a running rental agreement with BSH Bosch und Siemens Hausgeräte GmbH (BSH), the largest manufacturer of home appliances in Europe. The contract for the gross space of 58.300 m² for the BSH headquarters in Munich-Neuperlach is one of the largest rental agreements in the Munich area in recent years.
The distinctive aviva Munich office complex serves as the BSH headquarter since 2003 for approximately 2,300 employees. The total rented space comprises 58,300 m² as well as an additional 820 parking lots. The successfully rented fund property proves the attractiveness of the office location in the south of Munich.
With the new rental agreement with BSH, KGAL managed to achieve a strong result in its rental activities in 2014. KGAL expects to continue to expand its position as a leading asset manager for commercial real estate.
“In cooperation with BSH, we were able to develop a customized space concept. We are delighted about the successful rental agreement, especially considering the efforts of our committed asset management team,” said André Zücker, Head of Real Estate at KGAL Investment Management GmbH & Co. KG.
With the extension of the rental agreement, BSH has made a clear and long-term commitment to the location of the corporate headquarters in Munich.