LaSalle sells Parkstadt Office in Munich to Real.IS
LaSalle Investment Management has sold Parkstadt Office in Munich on behalf of its LaSalle German Income und Growth Fund (LGIG).
The property, which was completed in 2011, comprises of three buildings: “be blue”, “be green” and “be orange”. The scheme has a total office space of 38.000 square metres.
The property is almost fully let. The main tenant is MAN Truck & Bus, one of Europe’s industrial players in transport-related engineering. The parties have agreed to maintain silence on the purchase price.
The property was acquired by two special funds of Real.IS Investment. Colliers International, Munich, has accompanied the sales process on behalf of LaSalle.
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