KINGSTONE Real Estate, alongside private wealth investors, has acquired a 3,000 m² office building at Nymphenburger Strasse 70 in Munich’s central Neuhausen district. The commercial asset, sold by a private investor, features renowned office tenants and two established restaurants, with the purchase concluding for a double-digit million euro price tag.
Positioned directly next to Maillingerstrasse underground station, the asset offers seamless connectivity to Munich Main Station and the wider Bavarian capital. The 1973-built structure is earmarked for a comprehensive ESG refurbishment in the coming years, highlighting a commitment to sustainable urban office environments, a growing priority for both institutional investors and developers.
“With this acquisition, we take over the asset management of a standing asset with great ESG optimisation potential. Its location in the popular district Neuhausen, its excellent public transportation links and its stable tenant structure provide a robust foundation to create value together with our investors. In the years ahead, the property is bound to be refurbished to meet our ESG requirements,” said Michael Sacher, Managing Partner of KINGSTONE RE Opportunity, KINGSTONE’s value-add subsidiary.
“We are aware of keen interest and strong demand among private wealth investors and family offices for investment opportunities in the value-add segment. The faith our investors have in our asset management capabilities is very reassuring and we are glad to see our portfolio expanded to include a commercial property with ‘office’ as the main type of use. Contemporary office units continue to be in demand, especially in prime locations of Germany’s Class A cities,” added Friedrich von Carlowitz, Managing Director of KINGSTONE Capital Advisory, the group’s advisory arm.
The deal was supported by due diligence from law firms Vesthaus and RSM Ebner Stolz, both based in Hamburg, with REAL ASSET Projektentwicklung Immobilienmanagement GmbH (Munich) appointed as service developer. For investors and developers, the deal presents an opportunity to retrofit dated urban stock into ESG-compliant office product, aligning with evolving occupier and regulatory demands.
People mentioned:
Michael Sacher – Managing Partner, KINGSTONE RE Opportunity
Friedrich von Carlowitz – Managing Director, KINGSTONE Capital Advisory
Companies mentioned:
KINGSTONE Real?Estate – Investment manager and acquirer
KINGSTONE RE Opportunity – Value-add subsidiary
KINGSTONE Capital Advisory – Advisory arm
Vesthaus, RSM Ebner?Stolz – Legal advisers
REAL?ASSET Projektentwicklung Immobilienmanagement GmbH – Service developer
Image Source: KINGSTONE Real Estate
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