In a significant move for Munich's residential market, Trei Real Estate has secured the building permit for its €50m Weyprechthof project located on Max-Liebermann-Strasse in northern Munich. The development will transform a former beer garden site into 82 rental apartments spanning approximately 4,400 m² of dwelling space, complemented by ground-floor gastronomy units and an outdoor beer garden.
The architecturally distinctive complex comprises a six-storey northern block and a five-storey southern block, offering apartments ranging from one to four rooms with spacious balconies. Construction is set to commence in July 2025, with completion targeted for 2027. A two-storey underground car park will provide 75 parking spaces, with one-third equipped with EV charging points, reflecting the development's future-focused approach.
"With the Weyprechthof project, we are developing urban homes for families, seniors and singles in a green neighbourhood with very convenient access to the inner city. It is important to us to use modern architecture and sustainable construction methods to create a place that meets the accommodation needs of different generations and that satisfies the diverse requirements of city life," commented Pepijn Morshuis, the CEO of Trei Real Estate.
The development showcases strong environmental credentials that will likely appeal to ESG-focused investors seeking sustainable assets in prime European locations. Meeting the latest energy standards, the property will feature photovoltaic systems and controlled domestic ventilation with heat recovery, qualifying for QNG-PLUS and DGNB "Gold" certifications. With Munich's residential vacancy rate consistently below 1% and rental yields continuing to outperform many European cities, this project represents a strategic investment in one of Germany's most supply-constrained markets.
Situated in the Milbertshofen-Am Hart district near the Allianz-Arena and Olympic Park, the development benefits from excellent transport connections to Munich's centre, university, and airport. A communal roof terrace on the southern block will be accessible to all tenants, enhancing the community aspect of the development.
The project extends Trei's portfolio growth in Germany, where the developer already manages assets worth €1.3bn with a further €1.6bn in developments in the pipeline across Germany, Poland, and the United States.
People mentioned:
- Pepijn Morshuis - CEO, Trei Real Estate GmbH
Companies mentioned:
- Trei Real Estate GmbH - International developer and asset manager
- Tengelmann Group - Parent company of Trei Real Estate
- Rendeffect - Image source
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