Real estate portfolio in the south of Munich

Real estate portfolio in the south of Munich

Munich, January 16, 2018 – The Munich-based RESIDIA Group is expanding its activities on the Munich real estate market. After the investor and project developer acquired two commercial properties with more than 6,000 square meters in Taufkirchen and, in a joint venture, the Fashion Atrium in the north of Munich with almost 15,000 square meters, the company has now secured two office complexes with a total area of 7,000 square meters in Oberhaching. “Our main focus is on the development of existing properties and new projects. As a balance to this, the property in Oberhaching will be added to our long-term portfolio,” says Werner Mürz, owner and CEO of RESIDIA Asset Management AG.

The two office complexes in Oberhaching are currently let to 25 tenants; there are currently no vacancies. The four-storey buildings include 58 garage parking spaces and 80 above-ground parking spaces.

The RESIDIA Group is also pursuing a long-term strategy with its latest investment. “The south of Munich is characterized by stable demand, affordable rents and a low commercial tax rate. Thanks to the Furth S-Bahn station, which is within walking distance, and the existing bus network, the location is also impressive in terms of infrastructure,” explains Werner Mürz. “Munich remains the investment location for us in the current market environment. Demand for all types of space is currently difficult to meet. In our opinion, the south of Munich is currently experiencing a very healthy development, which can be seen in the rent level and the low tax rate, among other things. The demand for space is also growing steadily in Oberhaching, whereby supply and demand are generally in harmony,” says Werner Mürz.

In addition to the business park, Oberhaching offers a high quality of life. For example, Oberhaching was recently awarded the contract for a new school and technical college complex. Werner Mürz: “A clear sign of the municipality’s steady growth, which has not yet been priced in for individual properties, resulting in lucrative entry opportunities.”

About the RESIDIA Group
As a renowned investor, asset manager and project developer, the RESIDIA Group acquires and develops commercial, retail and residential properties for its own portfolio. The RESIDIA Group offers extensive experience in the conception, acquisition of building rights, marketing and realization of investments in tangible assets. In order to expand its real estate portfolio, the RESIDIA Group is looking for further existing properties and land with development potential.