In August 2020, KGAL Investment Management acquired “Perlach Plaza” as a forward deal from project developers CONCRETE and BHB Bauträger GmbH Bayern, for a total investment cost of around EUR 250 million on behalf of three institutional investors.
Now, only a few weeks after the handover of the completed property in the east of Munich, the 111 flats and 104 student apartments are already fully let. In addition, 98 percent of the commercial space is occupied. “Perlach Plaza”, with its total floor space of around 50,000 square metres, has therefore met the high expectations from the very beginning. As a specialist for mixed- use neighbourhoods, KGAL intends to realise further projects in the future in the spirit of the “15-minute city”.
For almost 50 years, Hans-Seidel-Platz in the centre of Neuperlach – a district in the east of Munich – was an oversized, dusty car park. Today, it encompasses the architecturally exceptional “Perlach Plaza” with its individually designed levels and characteristic arches and arcades.
You can now read the full press release at the link below