Art-Invest Real Estate has achieved a major leasing milestone with Süddeutscher Verlag signing a new long-term lease for a substantial part of the SZ Tower in eastern Munich. The publishing house, which has occupied the tower exclusively since its completion in 2008, will continue its presence at Hultschiner Straße as the building transitions into a multi-tenant property.
The lease renewal forms part of a broader repositioning strategy for the high-rise. Art-Invest plans to convert the SZ Tower into a multi-user office building and redesign it to meet current workplace expectations. The full redevelopment, including a rebranding of the tower, is planned for completion by the end of 2028.
As part of this transformation, the ground floor will be expanded with new functions and amenities. The aim is to create a flexible working environment that supports a wider range of tenant profiles. Planned additions include shared spaces, catering and conference facilities, fitness areas, lounge zones and work environments suited for both collaborative and focused tasks. The design will draw on Art-Invest Real Estate’s experience from recent projects in Munich, such as Macherei and Momenturm at Ostbahnhof.
“We are delighted with the successful conclusion of the agreement with Süddeutscher Verlag. The decision by a long-standing tenant to renew its lease on the property underlines the high quality of the property and the confidence in the planned redevelopment into a modern and versatile working environment,” said Tobias Wilhelm, Managing Director at Art-Invest Real Estate.
Süddeutscher Verlag also emphasised the importance of continuity. “Since its completion, the SZ Tower has met all our requirements for a prestigious, high-quality building with flexible and modern office space. With this long-term lease, we are sending a signal of continuity and our commitment to the location. The planned communal areas and modern working environments are an important step for us towards future viability and employee orientation. We are delighted to be the first tenant to actively participate in the redesign,” said Dr. Christian Wegner, CEO of Süddeutscher Verlag.
Art-Invest Real Estate was advised on the lease by GSK Stockmann, while Süddeutscher Verlag received legal counsel from Heuking and BNP Paribas.