Le mie ricette per la real estate community Warburg-HIH Invest Real Estate GmbH just acquired the six-storey Dantehof office scheme in Munich’s Moosach district. The acquisition took the form of an asset deal earmarked for a closed-end investment fund. The property was sold by an open-ended special property fund that is managed by DIC Asset AG via its subsidiary GEG. Raised at Hanauer Strasse 1 in 2002, the office building has a lettable area of around 10,600 square metres plus 89 underground parking spots. Main tenant of the fully let multi-occupancy property is the City of Munich on a long-term lease of more than ten years. Other blue-chip tenants of Dantehof, which is located north-west of Munich’s inner city, include Maurer Electronics (a subsidiary of Bundesdruckerei, the federal printer), the AWM municipal waste management company, and international communications service provider Ericsson. The weighted average remaining lease term (WALT) is 6 years. It was agreed not to disclose the selling price.
The fact that Dantehof features two circulation cores makes it possible to divide each floor into four distinct rental units of 200 to 1,700 square metres. Options therefore include a variety of office concepts, including open plan or twin offices.
The property’s location is defined by convenient public transportation links. It lies within walking distance of the “Georg-Brauchle-Ring” underground station, the “Moosach” rapid transit station and a tram stop of line 20. Both downtown Munich and the A99 motorway orbital are 15 minutes away by car. The surrounding area is dotted with a number of retail and food outlets, including the shopping centres “Olympia Einkaufszentrum” and “Mona Einkaufszentrum.”
Source : Warburg-HIH Invest
