Art-Invest Real Estate, Real Asset and Pegasus Capital Partners have acquired Sperber Park, a former publishing area, at Frankfurter Ring 150 with around 10,200 m² off-market from a private owner company as part of a joint venture.
The fully rented office and commercial ensemble is located between Parkstadt Schwabing, Domagkpark and the Frankfurter Ring in the north of Munich and has very good connections to downtown Munich, the A9 motorway and the airport. It is developed with several existing buildings and has a diversified tenant and branch structure (textiles, consulting, culture, sports and crafts) with a total of 9,000 m² of rental space.
Tobias Wilhelm, partner and branch manager of Art-Invest Real Estate, on the purchase: “Sperber Park, located directly on the Frankfurter Ring, impresses with its very good location in the up-and-coming north of Munich. Together with our partners Real Asset and Pegasus Capital Partners, we are looking forward to the new task and to leveraging the potential that the area offers in the course of future urban development.”
“The north of Munich impresses with very good transport connections and last but not least with the very attractive mix of users with well-known companies. We see a clear trend that the city will continue to develop along the Frankfurter Ring in the coming years and we will be happy to make our contribution to strengthening the district as an innovative commercial location,” add Jakob Willibald and Dieter Weiß, managing partners of Real Asset.
The parties have agreed not to disclose the purchase price. The buyers received legal advice on the transaction from GSK Stockmann. dr Weigl Augustinowski Treuconsult GmbHRechtsanwaltsgesellschaft Steuerberatungsgesellschaft accompanied the transaction on the seller’s side.
Helaba Landesbank Hessen-Thüringen and a loan fund advised by Kingstone Debt Advisory are supporting the property as long-term financing partners.
