Fund: Plaza Global Real Estate Partners
Purchase Date: July 2013
Location: Riesstrasse 25, Munich (Germany)
Investment Type: Office
Year Built: 1991
Leasable area: 43,789 sq.m. (471,341 sft)
Atrium is a freehold office building acquired by Plaza Global Real Estate Partners in July 2013.
The property is located in Munich close to its inner ring road (the “Mittlerer Ring”), in an easily accessible, high quality location north-west of the city centre.
The property consists of four buildings which are allocated at each corner of a central atrium, and has a total lettable area of 43,789 sq.m. with 5 upper office levels.
The space is let to a mix of tenants mostly from the technology industry. The main tenant, Oracle (45% of rental income), has been continuously expanding into the property.