FLE acquires building in Munich
13. October 2013. The five-storey building in Westendstraße 193-195 was acquired by FLE GmbH from Vienna for a Luxembourg fund. The fully rented property was renovated in 2000 and, in addition to 8,600 square meters of office space, comprises almost 1,500 square meters of retail space and 145 parking spaces. The office building is located in the immediate vicinity of the subway station Westendstraße and is amongst other things leased to Debeka Versicherung, TÜV Süd and IT company Wassermann AG. The seller of the property is Tishman Speyer. Both parties agreed to remain silent about the purchase price. GSK Stockmann + Kollegen accompanied the transaction on both the buyer’s and the seller’s side. Colliers International Munich advised and mediated.
The transaction at a glance:
Location: 80686 Munich
Address: Westendstr. 193-195
Mediator: Colliers International München GmbH
Type of use: Office building with retail space
Tenant: Wassermann AG, Debeka, TÜV Süd
Seller: Tishman Speyer Germany Property GmbH
Buyer: FLE GmbH
Area: approx. 8,600 m² office + 1,500 m² retail
Tobias Seiler, Research Analyst, Munich
Colliers International Munich GmbH
Dachauer Straße 63
Tel: +49 (0) 89 624 294 63
About Colliers International, Germany:
The real estate consultants of Colliers International Germany are represented at locations in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart and Wiesbaden. The range of services includes the leasing and sale of office, commercial and hotel buildings, residential buildings and other real estate, real estate valuation, consulting, real estate management services and the support of companies in their corporate real estate management (corporate solutions).
Worldwide, members of Colliers International Property Consultants Inc. work with more than 13,500 professionals and 482 offices in 62 countries.
About FLE GmbH
FLE GmbH with its seat in Vienna was founded in 2007 and is part of the French LFPI group. LFPI is an independent international multi asset manager with more than three billion Euro of assets under management in private equity, real estate, debt and other fields of asset management. The real estate funds managed by LFPI group are owners of approx. 200 real properties with an estimated net value of more than two billion Euro.
FLE GmbH is investment advisor of several real estate funds. These funds target office and retail assets as well as low budget hotels with a purchase price from two to fifty million Euro per asset in Germany, Austria, and CEE.
Eva Maria Kamedler
Freyung 4/12, 1010 Wien, Österreich
Tel.: +43 1 53202110