Real I.S. has purchased an office property, with a total rental area of c, 6,657m2 in Munich’s Haidhausen quarter for its specialised institutional alternative investment fund (AIF) invested in German assets. The seller is LaSalle Investment Management. The Real I.S. Group is headquartered in this four-storey building at Innere Wiener Strasse 17.
The historic building, known as Alte Malzerei (Old Malthouse), features imposing 19th-century architecture and is excellently located in Munich’s city centre. The property was completely refurbished and renovated from 2021 to 2023 to create flexible, future-proof office solutions, equipped with state-of-the-art technology. The building incorporates sustainable, environmentally friendly technologies, and was awarded a Certificate in Gold under the German Sustainable Building Council’s (DGNB) certification system for existing buildings. The property offers 95 car parking spaces and has very good public transport links.
Real I.S. Deputy CEO Bernd Lonner said: “Modern office real estate has to keep pace with today’s changing requirements. We are therefore in the process of applying new solutions to help us build our resilience and adapt continuously. We are keeping a close eye on the changing boundaries in the definition of core for the office segment. In many cases, ESG criteria are already of decisive importance for new core real estate in all usage categories. Our investment strategy and the modernisation of our headquarters reflect this trend and set new benchmarks in terms of sustainability and future viability.”
Real I.S. hired Kroll for technical advice and GSK for legal consulting. BNP Paribas Real Estate GmbH acted as the intermediary for the seller and Advant Beiten provided legal advice. Brandberger offered technical consultancy services.
Image provided by Reak I.S.
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