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.
The energy crisis resulting from the war in Ukraine has altered profoundly Europe’s economic performance and prospects. Countries have been affected unevenly, based on how dependent they are on Russian gas and oil.