HIH Invest Real Estate was able to extend the long-term lease agreement with NTT DATA, Trusted Global Innovator of business and IT solutions, for more than 10,800 sqm of office space in Nu Office 2 in Munich. This will be accompanied by individual modernization of the office space for the tenant to ensure long-term tenant comfort.
The Nu Office II complex is located in the northern part of the Parkstadt Schwabing residential and commercial area, which was completed in 2014 in collaboration with the Fraunhofer Institute and the Technical University of Munich. The property features a wood-look façade and an attractive courtyard. In addition to the very good transport links to the city center, freeway and public transport, hotels and a large shopping center with all stores for daily needs can be found in the immediate vicinity. The office property is also characterized by a convincing ecological balance with first-class LEED certification and high space efficiency.
The tenant-oriented modernization includes not only the dissolution of rooming structures but also more open room arrangements, the installation of contemporary media technology and new interiors for an even better quality of stay. The redesign affects both the office area and the meeting and social areas. Implementation of this new-work concept will start in fall 2023.
“Especially now, when the handling of office space is being discussed more than ever, the advantages of close contact with our tenants are becoming apparent. In this way, we learn about needs and requirements and, as here with NTT DATA, can work out suitable solutions together at an early stage in order to maintain the feel-good and satisfaction factor at the Schwabing location in the long term. In our view, an open-ended exchange – also with regard to sustainable office redesign – is the best prerequisite for finding the ideal solution for the tenant and for our investors. We are very much looking forward to this cooperation with NTT DATA, which will now continue for many years,” explains Ken Kuhnke, Head of Major Tenant Services at HIH Real Estate.
“With modern facilities and thanks to its well-connected location, NuOffice II is an excellent location for the German headquarters of our company. Thanks to the flexibility of the property and the openness of the landlord, we can now establish the new-work concept that suits us best,” adds Thorsten Trapp, Head of Real Estate & Workplace at NTT DATA.
NTT DATA was advised on the lease by the brokerage firm Savills Düsseldorf.
