Actively Managing

East Gate, Munich

Acquired: 2007

Multi-let office building: 176,500 sq ft

Location: Feldkirchen, 10km east of Munich

Acquiring the right properties

“We believe that active management means a hands-on approach by our own staff”

Delivering value

This property was let to a single tenant until it became vacant in January 2017 and was valued at €20.3m in December 2016. The asset management team repositioned the building as a multi-let technical hub which would seek to attract occupiers from central Munich looking for more affordable accommodation. The building is now 50% occupied by a number of technology companies and is likely to be fully let by the end of 2018, at which point the value should be in excess of €35m. Our property managers have assisted incoming tenants with fit-out works and some are already enquiring about further expansion space.

Securing the right finance

The Atrium at East Gate, Munich

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