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Munich City Tower
 
Location Munich, Germany
Date acquired Acquired by Global Fund I in November 2000
Investment type Office development
Description A 21 level office tower with an adjoining six level office building comprising 24,000 sqm of leaseable space. Located in Munich’s west end inside the city’s Mittlerer Ring the building benefits from unobstructed views over the city and towards the Alps.
Investment strategy Develop a high specification high-rise office landmark to provide unique accommodation on competitive terms. Lease, hold and sell at an appropriate time as the market recovers. The building has reached practical completion and will be sold at an appropriate time in the market cycle.
Date sold August 2009
   
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