Europa Capital, the pan-European real estate investment manager, announces alongside its joint venture partner, Bayern Projekt, that it has pre-let a further 2,500 sq m of office space at the Olympia Business Centre (the “OBC”) in Munich, Germany, on behalf of its value add fund, Europa Fund V. This latest leasing success for the joint venture is the largest single letting by space in the Munich- Moosach office submarket in 2020.
Global media and technology company, IDG Communications Media Aktiengesellschaft (“IDG”), has agreed a long term lease at the 38,000 sq m campus, which will serve as its German HQ. This is the fifth letting to be signed at the OBC and increases the overall occupancy of the building to 55%. Other occupiers include DAIWA, the Japanese sports equipment manufacturer; Stadtwerke München, the municipal energy supply company; and the investigation Department of the Bavarian State Police Office.
Read the full news release now at the link below