Hines has announced that the U.S.-based shared workspace provider WeWork has signed a lease for more than 8,000 m² of office space in the firm’s OSKAR property, a prestigious office building located on the Oskar-von-Miller-Ring road in Munich. OSKAR will become the first WeWork location in Munich, with the company occupying four stories in the 26.000 m² long-term lease.
Alexander Moell, Senior Managing Director at Hines, said: “We are delighted to have secured such a high-profile tenant as WeWork for the OSKAR property. This testimony to the high quality of the building and its location will only be enhanced by WeWork’s innovative and service-driven approach.”
“WeWork represents our second prestigious letting at OSKAR, joining Conde Nast publishing house as a high-profile tenant in the building. We are confident that there will be further major lettings to follow and the building will soon be fully occupied,” said Christian Meister, Managing Director at Hines.
Patrick Nelson, Head of Real Estate, WeWork Europe, commented: "We are excited to announce our first location in Munich, which marks the fourth city in Germany for WeWork. Munich's tech credentials and community of start-ups, as well as established companies, make it an obvious choice for our next WeWork location. We are excited to expand in Germany, providing our 160,000+ members with access to a wider network and more business opportunities."
The OSKAR building was designed in 1998 by architect Richard Meier and has been revitalized by Hines with extensive renovation works since 2016. In addition to its public transport connections, the building also includes a large number of parking spaces. To emphasize OSKAR’s sustainability, the goal is for it to be certified in accordance with DGNB (German Sustainable Building Council) or LEED (Leadership in Energy & Environmental Design). WeWork was advised on the lease by real estate agent NAI Apollo.