London – ESTAma announces the sale of an office building let to BMW in an attractive district of Munich. The single tenant property is let on a long lease to the strong covenant BMW AG. The vendor is a fund affiliated with Catalyst Capital which exclusively mandated ESTAma as its sales agent and transaction manager. The asset was bought by „Savills IM Real Invest 1“, a separate account managed by Savills Investment Management.
The six-storey office building was built in 2003. It benefits from an efficient and flexible structure with good third use. It comprises ca. 16,200 sqm NIA as well as 261 underground and 74 outside parking spaces. The asset in the district Milbertshofen-Am Hart in the North of Munich is located in a strategically important location for BMW, directly opposite the main entrance of its research and development centre (FIZ) with very good transport links.
