LÄNDERABFRAGE

Bitte autorisieren Sie sich, um Zugang zu den für Sie relevanten Fonds zu erhalten.

Herkunftsland:

Bestätigen

COUNTRY INQUIRY

Please authorize yourself to gain access to the funds relevant to you.

Country of residence:

Confirm

COUNTRY INQUIRY

Please authorize yourself to gain access to the funds relevant to you.

ABFRAGE INVESTORENSTATUS

Die auf der Internetseite der KGAL GmbH & Co. KG dargestellten Fonds richten sich ausschließlich an professionelle und semi-professionelle Anleger und sind nicht für Privatanleger geeignet.

KGAL GmbH & Co. KG übernimmt keine Haftung für die unberechtigte Nutzung der nachfolgenden Inhalte.

QUERY INVESTOR STATUS

The funds shown on the website of KGAL GmbH & Co. KG are exclusively for professional and semi-professional investors and not qualified for private investors.

KGAL GmbH & Co. KG assumes no responsibility for unauthorized use of the following content.

KGAL buys Perlach Plaza development in Munich from CONCRETE Capital/BHB

New urban district development scheduled for 2022 completion – KGAL Investment Management GmbH & Co. KG has acquired the Perlach Plaza development in Munich for 250 million euros. The acquisition was made on behalf of a KGAL-managed AIF and is a club deal with three institutional investors. The sellers are the project‘s developers, CONCRETE Capital and BHB Bauträger GmbH Bayern. The 250 million euro development is located on the east side of Munich and comprises around 30,000 square meters of hotel, retail, student living and more than 100 private rental apartments.

André Zücker, Managing Director of KGAL Investment Management with responsibility for real estate, commented: “The location, scale and mix of uses that the development provides make it an ideal acquition for KGAL and our investment partners“.

The mixed-use complex is located directly opposite the established Perlach shopping center, PEP, and also includes 450 parking spaces some which will be equipped with e-charging stations. and car / bike sharing options available. The neighbourhood has become a focus for new residential development and the there are currently around  750 new homes being built in the “Kulturquadrat” area.

Peter Fritsche, Managing Director of CONCRETE Capital commented: "We are delighted to have found the right investor for the project at such an early stage of its creation. The high demand for the commercial space in the development – around 70% is already pre-let - is further endorsement of its quality and appeal to the market“.

KGAL Investment Management sourced equity involvement from three institutional investors for the club deal. Florian Martin, Managing Director of KGAL Investment Management with responsibility for sales, commented: "This transaction further demonstrates our ability to access a wide range of investors and tailor investment oppprtunities which meet their strategic needs“.

The Munich law firm Heuking Kühn Lüer Wojtek acted as legal advisor for KGAL. Taylor Wessing advised CONCRETE/BHB. Colliers International advised on the transaction.

To view a film about Perlach Plaza, please click here.

Please credit KGAL GmbH & Co. KG when using images.


Attachment

Latest News

03.11.2020

KGAL commits to being climate-neutral asset manager by 2021

>> more
22.10.2020

KGAL buys Terminal M shopping centre in Eindhoven

>> more
29.09.2020

KGAL enlarges Infrastructure capabilities with senior appointments

>> more
© Copyright 2020 - KGAL GmbH & Co. KG All rights reserved Data ProtectionImprint