Philips anchors building as Deal Manufaktur steers wider redevelopment with fitness, retail and F&B tenants in the pipeline
In a strategic repositioning of one of Unterschleißheim’s landmark assets, B&B HOTELS has signed a 20-year lease for approximately 3,500 m² within Lohhof Quartier, a multi-part office complex currently being redeveloped by Union Investment. The €9.6m hotel conversion, targeting 93 rooms, marks the first step in a broader mixed-use vision that is gaining traction in the northern Munich submarket.
The project is part of Union Investment’s UniImmo: Europa fund and follows the vacancy of the space after the exit of Deutsche Pfandbriefbank in 2019. Lohhof Quartier, with a total lettable area of 28,000 m² across seven interconnected buildings, is being comprehensively repositioned into a multi-tenant, amenity-rich campus. The site is located approximately 15 km southeast of Munich Airport and benefits from direct S-Bahn connectivity and excellent road access.
“The B&B HOTEL will share a development core with the adjacent office building. This offers the decisive advantage that not everything has to be turned upside down. We can connect to existing systems for building services. This reduces costs and makes the conversion sustainable because we can use most of the existing resources,” said Malte Schönbohm, Technical Project Manager at Union Investment.
Contrary to earlier reports, Deal Manufaktur is not acting as the broker for the lease, but is exclusively mandated by Union Investment for the full redevelopment of Lohhof Quartier. The company initiated the entire transformation process of the former bank building, which is now seeing increasing tenant interest. The largest tenant in the complex is Philips, and three additional lease negotiations are currently underway with occupiers from the fitness, retail and food sectors to further align the scheme with modern occupier needs.
“The redesign of the former IT port in 2019 and the ongoing maintenance measures are now paying off. The concept of careful transformation is beginning to take hold – and is now even creating demand again among office users,” said Kristina Mattheis, Senior Asset Manager at Union Investment. The development includes 50 underground parking spaces and 10 EV charging stations, with sustainability and long-term tenant retention at the core of the strategy.
“With the conversion of the office space in Unterschleißheim, we are seizing the opportunity to fill a gap in the market at an ideally located site while creating a sustainable hotel offering. This project is a prime example of our ability to intelligently and efficiently transform existing properties into attractive hotel solutions,” said Tobias Gollnest, Chief Development Officer at B&B HOTELS Central & Northern Europe.
People mentioned
Kristina Mattheis – Senior Asset Manager, Union Investment
Malte Schönbohm – Technical Project Manager, Union Investment
Tobias Gollnest – Chief Development Officer, B&B HOTELS Central & Northern Europe
Companies mentioned
B&B HOTELS – Long-term tenant and hotel operator
Union Investment – Owner, fund manager and developer of Lohhof Quartier
Deal Manufaktur – Exclusive redevelopment partner for Lohhof Quartier
Philips, Sauter-Cumulus GmbH, TenneT TSO – Existing tenants at Lohhof Quartier
Image credit: Lohhof Quartier – the future B&B HOTEL | Source: Union Investment
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