Warburg-HIH Invest Acquires NuOffice III from Hubert Haupt

Warburg-HIH Invest Real Estate has acquired the “NuOffice III” scheme in Munich’s Schwabing district from Hubert Haupt Immobilien within the framework of an asset deal on a single mandate by an institutional investor. The property is located at OtlAicher-Strasse 60-64 in Munich. NuOffice III provides a lettable area of around 10,700 sqm. It is supplemented by 128 underground parking spots. The tenants include companies such as the restaurant chain L’Osteria, Mitsuba, Dimension Data Germany and others. In April, the “NuOffice III” was awarded a LEED Platinum certification in the “Core & Shell” system variant for investors. Warburg-HIH Invest was advised by GSK Stockmann + Kollegen and by the Frankfurt branch of KPMG. Technical consultancy to the buyer was provided by ARGOS Projektmanagement.