ABG Capital has acquired the ART155 building, an existing property at Landsberger Strasse 155/159 in Munich, in cooperation with a small group of occupational pensions schemes. The total investment volume amounts to approximately €150m. The building was sold by Goldman Sachs Asset Management and DW Real Estate.
The fully let office building was formerly known as “Artemis” is conveniently situated on Landsberger Strasse in the Westend neighbourhood, very close to Munich’s middle ring road (Mittlerer Ring) and the Munich West suburban railway line. With customisable rental spaces from 200-4,600m², totalling around 23,200m² spread over five floors above the ground, more than 280 parking spaces on two underground floors, and a direct connection to a high-speed internet node, the ART155 building offers the perfect New Work environment, allowing flexible work in Germany's leading technology hub. Built in 2000 and most recently modernised in 2021, the building features renowned anchor tenants such as EdgeConnex, Ecos Office Center, Check24, and Hill-Rom.
The building has been certified according to the BREEAM standard. In addition, ESG standards have already been implemented in many areas, ensuring compliance with the Paris Climate Agreement until 2041 without any further investment.
Ulrich Holler, Managing Partner at ABG Real Estate Group, stated: “With the acquisition of the ART155 property, ABG Capital has built an asset base worth over €450m in its first financial year. In doing so, we place the emphasis on properties offering future potential – particularly in terms of sustainability, which continues to grow in importance.”
