Monday, 20 April 2026
Union Investment has agreed to sell an office property at Prinzregentenplatz 7–9 in Munich to a company managed by CONREN Land. The transfer of ownership is expected to be completed by the end of June. The purchase price was not disclosed but is reported to be above the latest valuation.
The asset, located in Munich’s Bogenhausen district, provides approximately 21,300 sqm of lettable space. It is DGNB Silver certified and was fully refurbished in 2011–2012. The property has been held in the UniImmo: Deutschland portfolio since its acquisition in 2011.
According to Alejandro Obermeyer, the sale follows active asset management measures, including repositioning the building from single-tenant occupancy after GSK reduced its space. The property was subsequently converted into a multi-tenant scheme, with tenants including FINN GmbH and Immobilien Freistaat Bayern. Full occupancy was achieved in April 2026.
The disposal forms part of a broader strategy to rebalance the fund’s portfolio and reduce its exposure to the Munich market. At the same time, Union Investment is preparing for new acquisitions as market conditions evolve, targeting office assets in major European cities including Paris and London, alongside opportunities in Germany. The fund’s liquidity ratio currently stands at around 20 percent.
Advisory services on the transaction were provided by Newmark, Hogan Lovells and Pöllath + Partners.
