Union Investment Real Estate has announced that the office space at StadtQuartier Riem Arcades is currently 94% let, an occupancy level that indicate how attractive this real estate ensemble and its surroundings are.
Since opening in 2004, the StadtQuartier has formed the heart of Munich's new trade show site, providing the impetus for further development in the Riem area for which the City of Munich was awarded the "German City Construction Prize" in 2006. In addition to the shopping arcades, the complex includes a Novotel hotel, apartments and offices.
"StadtQuartier Riem Arcaden in der Messestadt" was developed by Union Investment Real Estate AG in conjunction with Essen-based mfi Management für Immobilien AG and is part of the portfolio of open-ended real estate fund UniImmo: Deutschland.
Source: Union Investment Real Estate