ABG Real Estate Group has entered into a long-term lease agreement with global consulting firm Alvarez & Marsal for approx. 3,000 sqm in its FRANZ building in the heart of Munich’s city centre (Sonnenstrasse 20), just shortly after the topping-out ceremony on 24 May 2023. Alvarez & Marsal are scheduled to move their German headquarters from the Lehel-District into the new premises in the first quarter of 2024, where they will not only benefit from the innovative “new work” office design, but also from the spacious outdoor areas in the inner courtyard together with parking spaces and a useful bicycle garage in the basement. 70 per cent of the FRANZ’s available office space has already been let.
Ulrich Höller, Managing Partner at ABG, said: “The FRANZ project is a first-class property located right in Munich’s city centre. It offers state-of-the-art amenities and can be adapted to fit all forms of modern work. We are thrilled that we are able to offer inspirational premises to a globally renowned consulting and auditing firm as its new German headquarters.”
Jürgen Zapf, Managing Director at Alvarez & Marsal, added: “We are pleased that we will soon be relocating our German headquarters to prime office space in the heart of the Bavarian capital. Our new headquarters will greatly improve our visibility and accessibility in the dynamic surroundings of Sonnenstraße and the nearby main railway station.”
Cushman & Wakefield Munich acted as real estate agent, and the Munich-based teams of Taylor Wessing (Alvarez & Marsal) and Heussen Rechtsanwaltsgesellschafts mbH (ABG Real Estate Group) provided legal advice.
