AURELIUS Real Estate Opportunities (“AREO”), the Luxembourg-domiciled real estate arm of the AURELIUS Group, just signed the lease for a unit of around 5,500 square metres with a public-law corporation from the healthcare sector within the framework of an off-market deal. During the negotiations, AREO was exclusively advised by AUREPA Advisors AG (“AUREPA”). The office building is located at Ludwigstrasse 45 inside the Munich Airport Business Park in the town of Hallbergmoos and has a total lettable area of about 13,000 square metres. The business park is already home to about 260 companies and has evolved into a life science industry cluster in the years since 2018. The lease agreement will expire in 2032 but includes a renewal option, the incoming tenant is planning to move in by the end of 2022. The letting process was facilitated by Wicklmayr Real Estate, a company specialising in property and lettings management. At this time several units measuring between 500 and 4,000 square metres are still available.
Hannes Eckstein, founding partner of the AURELIUS Real Estate Group, commented: “By signing the lease for the premises in Hallbergmoos, we were able to meet not one but several requirements of the incoming tenant. In addition to being part of a dedicated healthcare and biotech cluster, the site boasts convenient access to motorway, rapid transit system and the airport. Not least, the security and data protection infrastructure available on site played a decisive role in the signing.” In conjunction with the comprehensive revitalisation of the overall building, the AURELIUS Real Estate Group will now implement an interior fit-out tailored to the tenant’s needs. Jan Rehbock, the other founding partner of the AURELIUS Real Estate Group, added: “The property at Munich Airport is an opportunity for us to fully showcase our core competence of repositioning real estate with upside potential. We are combining an upgrade of the premises with a diversified portfolio of tenants representing forward-looking industries.”
The planned investment volume of AREO between now and 2024 is c. 400 million euros. In addition, AREO has the option to bring in co-investment partners. In Germany, the group is advised by AUREPA as its exclusive investment and asset manager. Outside Germany, AURELIUS Advisors, based in Luxembourg and London, advises AREO in the same role as exclusive service provider.
