Allianz acquisisce da UBS RE il complesso Isartor City a Monaco per 120 milioni

Allianz has purchased the Isartor City office and retail property in the center of Munich. The property, which is home to shops, restaurants, a large cinema complex and offices, is located in the immediate vicinity of Munich’s old city and is fully let. The seller is a fund managed by UBS Real Estate KAG mbH. Allianz’ investment volume comes in at around EUR 120 million.
Isartor City had built in 1994 and underwent extensive renovation work in 2011. The building offers total space of 22,500 square meters. Around 10,000 square meters are home to offices and around 8,600 square meters are used for retail space. The multiplex cinema covers a total area of 3,400 square meters, while the remaining space is used for restaurants and storage. A basement car park offers 391 parking spaces. The anchor tenants are Cinemaxx, which operates the cinema, and the law firm Taylor Wessing, the main office tenant. The retail space is used by the outdoor equipment specialist Globetrotter, which offers a true shopping experience at Isartor with attractions including chambers simulating the cold and rain and an altitude chamber. Isartor City is a well-known complex that is well established on the market.
Source : Company

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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