Union Investment has signed two new office lease agreements at Neue Balan Campus, Haus 27, in Munich, bringing the building’s occupancy to 98 percent.
Bonago Incentive Marketing Group GmbH has leased 1,543 sqm of office space for a ten-year term with immediate effect. Bittner & Krull Softwaresysteme GmbH has taken approximately 850 sqm, also on a ten-year lease, and is scheduled to move in this August. Haus 27 has been part of the open-ended real estate fund UniImmo: Deutschland since 2021.
“This leasing success shows that modern and flexible office space with good sustainability parameters remains in demand even in a challenging market environment. We are already in talks with several interested parties for the remaining space of around 540 sqm,” said Sven Lintl, Head of Asset Management Germany at Union Investment.
Haus 27 holds DGNB Gold, LEED Gold and WiredScore Gold certifications. The Neue Balan campus is located on the site of the former Infineon headquarters on Balanstraße in eastern Munich and forms part of an established office cluster together with the nearby Werksviertel district. The campus offers a range of on-site amenities including dining, retail, sports and educational facilities.
Colliers and E&G Munich advised on the transactions.