BOSSELER & ABEKING has sold another residential complex in Königsteinstrasse in the Munich district of Milbertshofen. The investment property was built in 1960 on a plot of land covering approx. 3,700 m² and consists of five houses. The residential complex comprises a total of 90 residential units and three commercial units, with a total floor space of approx. 5,417 m². There are also 20 garages and 22 external parking spaces on the site. The district of Milbertshofen is home to the German head offices of a number of famous companies, such as: BMW, Oracle and O2. Its proximity to the Olympic Park and the Luitpold Park make this district a sought-after residential area. The property was sold by an Upper Bavarian foundation. The purchaser of the property is a Munich family office. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has sold a residential complex in Riesenfeldstrasse in the Munich district of Milbertshofen. The investment property was built in 1967 on a plot of land covering approx. 3,072 m² and consists of four houses plus an underground garage. The residential complex comprises a total of 82 residential units and six commercial units, with a total floor space of approx. 4,641 m². The underground garage has parking for 54 vehicles. The district of Millbertshofen is home to the German head offices of a number of famous companies, such as: BMW, Oracle and O2. Its proximity to the Olympic Park and the Luitpold Park make this district a sought-after residential area. The property was sold by a community of heirs. The purchaser of the property is a family office from South Germany. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has sold an 800 m² building plot with existing building in Dirschauer Strasse in the Munich district of Bogenhausen. At the moment, a partly occupied three-family house built in 1949, with a total floor space of approx. 300 m², stands on the plot. The property is in the popular Bogenhausen district. The old town of Bogenhausen was incorporated into Munich in 1892, after which the village above the River Isar became a smart quarter full of elegant town houses during the city’s period of commercial expansion in the 19th century. The large housing estates on the side of the Mittlere Ring outside the city centre were only built after the Second World War. Alongside its many landmarks, old Bogenhausen is also a lovely district to stroll through because of its many art nouveau villas. The property was sold by a community of heirs. It was purchased by two private buyers. The parties agreed not to disclose any details regarding the purchase price.

BOSSSELER & ABEKING successfully brokered a plot of land with old buildings in Heinrich-Wieland-Strasse in the Munich district of Berg am Laim. Outline planning permission for an apartment building with 10 residential units covering a total floor space of approx. 800 m² has already been granted for the approx. 850 m² plot of land. The property is in the district of Berg am Laim. The Ostpark public park and the Michaelibad swimming pool complex are nearby. The urban landscape of Berg am Laim is still defined by the many apartment blocks which were mainly built after the Second World War. Berg am Laim is now becoming a sought-after residential area, at least partly due to its proximity to the centre and excellent transport connections. The property was sold by a private owner. It was purchased by a Munich residential building company. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully brokered an art nouveau listed apartment built in Karl-Singer-Strasse in the Munich district of Solln. The property was built in around 1910 on a plot of land covering approx. 900 m² by the architect Konrad Dumser. The investment property has a total floor space of approx. 600 m². It is located on Prinz-Ludwigshöhe in the district of Solln, which is one of Munich’s most beautiful residential developments. Solln is the highest part of the city of Munich and is famous for its exclusive residential quarters. The property was sold by a private owner. It was purchased by a private purchaser. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING would like to thank all their customers once again this year for funding and supporting their charitable children’s and environmental foundations. The foundations receive a fixed percentage from every single transaction. The company also runs a child sponsorship programme for every employee. Bosseler & Abeking would like to wish all its customers and partners a merry Christmas and a happy New Year in 2017.

BOSSELER & ABEKING has successfully brokered business premises in an absolutely 1A location in Sendlinger Strasse in Munich. The property was built before 1900 on a plot of land covering approx. 300 m². The fully let investment property has a total floor space of approx. 750 m². Well-known retail companies such as Hirmer, Douglas, Kaufhof, H & M and S. Oliver are in the immediate vicinity. Sendlinger Strasse is a popular, busy shopping street and connects Sendlinger-Tor-Platz with Marienplatz. Sendlinger Strasse was incorporated into the pedestrian zone for a test phase from 1 July 2016 onward. The property was sold by a private owner. The purchaser of the property is a traditional Munich company. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully brokered an office building in Oberländstrasse in the district of Munich-Sendling. The property was built in 1958 on a plot of land covering approx. 900 m². The fully let investment property has a total floor space of approx. 700 m². Sendling is a former industrial and working class district in the inner city. Today, only the cooperatively owned flats and rented houses remain of this, with one exception: The large market hall from the year 1912 is now the third-largest transshipment centre for fruit and vegetables in Europe. There are plenty of recreational facilities in the southern part of the district. The property was sold by a private owner. It was purchased by a Munich asset management company. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully sold business premises in Lachener Strasse in Dießen am Ammersee. The property was built in 2011 on a plot of land covering approx. 1,200 m². The building, with its striking architecture, has a shop unit and three office or practice units with a total floor space of approx. 1,100 m². The shop unit on the ground floor is let to the well-known retailer Rossmann. Rossmann is the second largest chain of drugstores in Germany, with 3,466 branches employing around 47,700 people. In 2015, Rossmann posted sales revenues of around €7.9 billion. Edeka, Norma and Fristo are located in the immediate vicinity of the business premises, which means that this can be described as a central retail location. Dießen is in the Bavarian alpine upland on the western shores of Lake Ammersee. The property was sold by a private owner. The purchaser of the property is a family firm from Baden-Württemberg. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully brokered a plot of land for the Am Heidebruch project development in the Munich district of Hadern. There is still an existing building on the plot of land at the moment. After it has been demolished, a residential complex will be built on the land, which covers approx. 940 m². Hadern is a residential area which is characterised on the one hand by large residential complex and on the other by attractive single-family houses. The district is best known for the Großhadern Clinic, which is the largest hospital in Munich. The property was sold by a community of heirs. The purchaser of the property is a building company from the Upper Palatinate. The parties agreed not to disclose any details regarding the purchase price.

The Austrian asset management company UHI, owned by entrepreneur Ulrich Huber, is acquiring an office building and business premises in a premier location at Bahnhofstraße 16, Augsburg. The property was built in 1975 on a plot amounting to around 920 square metres. It has a shop unit on the ground floor, six office or practice units and two residential units. Total floor space is approximately 2444 square metres. The seller of the property was Europe’s largest shoe retailer, the market leader Deichmann, now represented in 24 countries with over 3600 outlets. The German business accounts for around 41 percent of Group turnover. The parties have agreed not to disclose the selling price. Property consultancy BOSSELER & ABEKING were involved in the transaction as mediators and in an advisory capacity.

BOSSELER & ABEKING has successfully arranged the sale of an apartment building on the Cimbernstrasse in Sendling, a district of Munich. The property was built in 1960 on a plot of around 700 square metres of land. The investment property consists of eight residential units, offering a total floor space of around 600 square metres. Sendling is a former industrial and working-class quarter in the city centre. All that remains of it today are the flats and houses let by housing associations, but there is one exception: the Great Market Hall, dating from 1912, has now become Europe’s third-largest transhipment hub for fruit and vegetables. The southern part of the quarter features many recreation areas. The vendor of the property was a community of heirs. As for the buyer, this was a Munich family office. The parties have agreed not to disclose the selling price.

BOSSELER & ABEKING has successfully arranged the sale of an apartment building on the Birkerstrasse in the Munich district of Neuhausen. The property was constructed on approximately 1400 square metres of land in 1997. An investment property, it consists of 44 residential units which offer around 2400 square metres of floor space in total. Other amenities are underground parking spaces. The apartment building is located in the popular quarter of Neuhausen. The first written mention of the name of Neuhausen dates back to 1170, when Rudolf von “Niwenhusen” gave his landed estate as a gift to the monastery of Schäftlarn. Neuhausen is a pleasant district to reside in, designed in a variety of urbanistic styles and with a lively pub and restaurant scene. The nearby Olympia Park, the many beer gardens and the largely tranquil position also contribute to the quality of life in the quarter. The side-roads are mostly quiet and dominated by residential properties, with some typical older housing preserved. Just under half Neuhausen’s housing stock is subject to group or individual preservation orders. The Rotkreuzplatz serves as the commercial heart of the entire urban district. The seller of the property was an institutional owner, while the buyer is a private Munich investment management company. The parties agreed not to reveal the selling price.

BOSSELER & ABEKING has successfully arranged the sale of a hotel building on the Baaderstrasse in the Munich district of Glockenbach. The hotel was built in 1988 on a plot of land consisting of around 2500 square metres. The investment property has a total floor space of around 5900 square metres and an underground car park. In the near future, the buyer is planning to convert the hotel to flats and raise the height of the attic storey. The building changed hands as of 31.12.2015. The hotel building is located in the popular Munich suburb of Isarvorstadt, specifically in the Glockenbach quarter. The quarter is currently undergoing a phase of change from a mixed residential and commercial district to an attractive urban residential quarter. It is Munich’s most densely populated residential district. The name “Isarvorstadt“ was first recorded on 14 December 1812 and refers to its position between the old city and the river Isar. The vendor of the property was a Munich investment company, while the buyer is a Bavarian property developer. Buyer and seller agreed not to divulge the selling price.

Bosseler & Abeking wishes to thank all its clients once again this year for their sponsorship and support of its children’s and environmental charitable foundations. The foundations each receive a fixed percentage on each individual sale. In 2016, the children’s foundation is going to sponsor a school project for orphaned children in Uganda. The company also operates a child sponsorship scheme for each employee. Bosseler & Abeking wishes all its clients and partners a merry Christmas and a happy new year 2016.

BOSSELER & ABEKING has successfully brokered the sale of a historic apartment building on the Kidlerstrasse in Sendling, a district of Munich. The building was constructed in 1896 on a plot of about 1100 square metres of land. An investment property, it consists of 10 residential units with a total floor space of around 900 square metres. A further building could be constructed to the rear of the site. Sendling is a former industrial and working-class quarter in the city centre. All that remains of it today are the flats and houses let by housing associations, but there is one exception: the Great Market Hall, dating from 1912, has now become Europe’s third-largest transhipment hub for fruit and vegetables. The southern part of the quarter offers many recreation areas. The property was sold by a private owner and acquired by a Munich family office. The parties to the transaction agreed not to disclose the price.

BOSSELER & ABEKING has successfully arranged the sale of residential and business premises on Albert Bayerle Platz in the Munich district of Sendling. Built in 1956, the premises occupy a plot of around 600 square metres. The investment property consists of two commercial and five residential units, totalling around 1100 square metres of floor space. Sendling is a former industrial and working-class quarter in the city centre. All that remains of it today are the flats and houses let by housing associations, but there is one exception: the Great Market Hall, dating from 1912, has now become Europe’s third-largest transhipment hub for fruit and vegetables. The southern part of the quarter offers many recreation areas. The property changed hands between a private owner and a well-known family firm from Munich, both of whom have agreed not to disclose the selling price.

BOSSELER & ABEKING has successfully arranged the sale of an apartment building on the Pelkovenstrasse in Moosach, a district of Munich. The property was built in 1964 on about 800 square metres of land. It consists of 15 residential units offering a total of about 1000 square metres of floor space. Twenty individual garages also belong to the property. Moosach is one of the oldest Munich satellite villages. The district boasts two retail centres offering a broad range of services and ample scope for shopping. These are the Olympiaeinkaufszentrum (Olympia Shopping Mall) and the Moosacher Stachus on the Dachauerstrasse, Baubergerstrasse and Pelkovenstrasse. Some well-known service providers also have their headquarters in Moosach. The vendor of this property was a community of heirs from Munich, while the buyer is a Munich investment management company. The parties agreed not to disclose the selling price

BOSSELER & ABEKING has successfully acted as the broker in the sale of a further apartment building on the Drachenseestraße in the Munich district of Sendling. The property was built in the year 1938 on a plot of land approx. 500 m² in size. The apartment building has three residential units that have a total floor space of approx. 300 m². Sendling is a former industrial and working-class quarter in the city centre. These days, all that is left over from those times are the cooperative residences and apartment buildings, with one exception: the Great Market Hall, which dates from the year 1912 and which is now Europe’s third largest transshipment centre for fruit and vegetables. The southern section of this district boasts many local recreation areas. The property was sold by a Munich community of heirs and was purchased by a Munich family office. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of further residential and business premises located on Schellingstraße in the district of Munich-Schwabing. This property, which is in a prime location, was built as long ago as the year 1863 on a plot of land approx. 300 m² in size. The investment property possesses a retail unit and five residential units that have a total floor space of approx. 700 m². The property’s top floor has development potential for which a permit has been granted. The standard ground value is around 9,200 euros per square metre. Schwabing is one of Munich’s most sought-after quarters. Its proximity to the Englischer Garten public park, its excellent traffic connections and cultural institutions and its numerous shopping facilities and restaurants make this quarter one that is especially pleasant to reside in. The Leopoldstraße boulevard between the Siegestor (Victory Gate) and the Münchner Freiheit square is especially popular as a place to stroll and promenade. The view in this district has been shaped in particular by the contemporary middle-class houses and city mansions as well as by the numerous Jugendstil (Art Nouveau) facades. The property was sold by a Munich community of heirs and was purchased by a Munich investment management company. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of a listed apartment building located in Hübnerstraße in the Munich district of Neuhausen. The property was constructed in about 1900 and consists of four residential units with a total floor space of approx. 300 m². The property is located in the conservation area of the provincial capital of Munich. The listed apartment building is located in the sought-after district of Neuhausen. The first written mention of the name of Neuhausen dates from the year 1170, when Rudolf von “Niwenhusen” gave the Schäftlarn monastery his estate. Neuhausen is a district that is pleasant to reside in and boasts a range of urbanistic countenances and a varied restaurant and tavern scene. The proximity to the Olympiapark public park, the many beer gardens and the generally quiet location also contribute to the quality of life in this quarter. The mostly quiet side-roads are dominated by old residential buildings, some of which are rather prestigious. Just under half the existing Neuhausen properties are listed buildings, either individually or as part of a group. The Rotkreuzplatz square functions as the commercial centre for the whole district. The property was sold by the owner, a Munich-based private individual, to a Munich investment management company. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker for a historic apartment building located in Tengstraße in the Munich district of Schwabing. The property was constructed in 1905 on a plot of land approx. 460 m² in size. This investment property consists of nine residential units that between them have a total floor space of approx. 900 m². The top floor of the property has development potential. The historic apartment building is located in Schwabing close to the internationally famous Leopoldstraße boulevard. Its proximity to the Englischer Garten public park, the excellent transport connections, the cultural institutions and the numerous shopping facilities and restaurants make this quarter one that is particularly pleasant to reside in. The image that people have of this district is shaped by such properties as the contemporary middle-class houses and city mansions located there, as well as by the numerous Jugendstil (Art Nouveau) facades. The property’s ownership was transferred between two Munich-based investment management companies. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as broker in the sale of another apartment building in Grünwalder Straße in the Munich district of Giesing. The investment property was built in 1958 on a plot of land approx. 1,500 m² in size. The property has 18 residential units, which have a total usable floor space of approx. 1,600 m². Furthermore, there are 18 single garage parking spaces located in the property’s rear courtyard. Additional residential units could be created by developing the top floor. Such development would still have to be looked into. Giesing is even older than Munich, with its first mention being as long ago as the year 790, as “Kyesinga”. In the Middle Ages, its proximity to the city of Munich – a city that was becoming ever more important – led to Giesing becoming a refuge for day-labourers who could not get permission to live in the city. The district of Giesing is still changing. Whereas it used to be referred to as a working class area, these days it tempts many students and artists, who are attracted by its proximity to the city. Its pastoral landscapes located on the banks of the River Isar turn this district into a beautiful oasis that showcases all that nature has to offer. The property is being sold by a private owner based in Munich and is being acquired by a Munich investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of an apartment building located in Linprunstraße in the Munich district of Maxvorstadt. The property was constructed in 1958 on a plot of land approx. 300 m² in size. The apartment building has nine residential units, which have a total usable floor space of approx. 600 m². The property is located in the area covered by a preservation statute of the City of Munich. The investment property is located in the popular district of Maxvorstadt. Maxvorstadt was the first planned urban expansion of the city of Munich. It was where Bavarian king Ludwig I wanted to realise his vision of creating an architectural “Athens on the River Isar” in Munich. The district was named after no less a personage than the first king of Bavaria, Maximilian I. Maxvorstadt is also known as “the Brain of Munich”, due to the many educational institutions located here: apart from the Ludwig Maximilian University, there is the Technical University, the Bavarian Schools of Public Policy and Philosophy, not to mention the Bavarian State Library and the University Library. What’s more, many head offices of banks, insurance companies and other corporate groups are located here. In this way, the public-service radio and television broadcaster Bayerischer Rundfunk is just as much a part of this district as are the Munich tax and revenue offices – the lion’s share of which are to be found here – and the Spaten-Löwenbräu brewery group. The property was sold by a Munich investment management company and was acquired by a Munich-based family office (a private company that manages investments and trusts for a single family). Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of residential and business premises located in Hohenzollernstraße in the Munich district of Schwabing. The property was originally constructed in 1903 on a plot of land approx. 350 m² in size and was rebuilt in 1951. The residential and business premises have two commercial units along with eight residential units, which have a total usable floor space of approx. 750 m². The top floor of the property has space that can be developed, and such development has already been officially approved. The investment property is situated in Schwabing, close to the internationally renowned boulevard that is Leopoldstraße. Its proximity to the Englischer Garten public park, the excellent transport connections, the cultural institutions and the numerous shopping facilities and restaurants make this quarter one that is especially pleasant to reside in. The image people have of this district is shaped by such properties as the contemporary middle-class houses and city mansions located there, as well as by the numerous Jugendstil (Art Nouveau) facades. The property was sold by a Munich-based community of heirs, and was acquired by an investment management company based in Landshut. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of a residential mansion with office space that is located very close to the Leopoldstraße boulevard in the Munich district of Schwabing. The property was constructed in the year 1898 on a plot of land approx. 600 m² in size and was extensively renovated in 2013. This residential mansion with office facilities has two commercial units and a penthouse flat, which have a total usable floor space of approx. 600 m². The standard ground value in this quarter is 6,600 euro per square metre. The investment property is located in the heart of Schwabing, not far from the internationally renowned boulevard that is Leopoldstraße. Its proximity to the Englischer Garten public park, the excellent transport connections, the cultural institutions and the numerous shopping facilities and restaurants make this quarter one that is especially pleasant to reside in. The image people have of this district is shaped by such properties as the contemporary middle-class houses and city mansions located there, as well as by the numerous Jugendstil (Art Nouveau) facades. The property was sold by a Munich investment management company. It was purchased by a renowned insurance group that sees this property as a long-term investment. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of a further property comprising residential and business premises located in Landsberger Straße in the Munich district of Schwanthalerhöhe. The residential and business premises were constructed in 1890 on a plot of land approx. 500 m² in size and were extended in 1948. The property consists of 10 residential units and a commercial unit, which have a total usable floor space of approx. 800 m². The property’s rear building and the top floor of the front building still possess development potential. The Schwanthalerhöhe district is named after the creator of the statue of Bavaria, the sculptor Ludwig von Schwanthaler (1802-1848). The development of the Schwanthalerhöhe and Westend districts really began at the start of the Industrial Age, which led to the construction of contemporary workers’ quarters in crowded perimeter blocks. Around the year 1850, factories and breweries gradually started settling here too. The Schwanthalerhöhe district became a classic artisans’ and workers’ quarter. Munich’s oldest and best-known brewery, the Augustiner-Bräu, is located in this district. The Bavariapark and a whole series of smaller squares provide some welcome greenery in a quarter that is otherwise highly developed. The property was sold by a Munich-based community of heirs. The property was acquired by a renowned Munich investment management company that sees this property as a long-term investment. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of further residential and business premises in Scharfreiterplatz in the Munich district of Obergiesing. The residential and business premises were constructed in 1958 on a plot of land approx. 700 m² in size. The property has 6 residential units as well as two commercial units, which have a total usable floor space of approx. 600 m². In addition, there are five single garage parking spaces in the property’s rear courtyard. The property has already been parcelled out in line with the WEG (German Apartment Ownership Act), and the top floor has development potential. Giesing is even older than Munich, with its first mention being as long ago as the year 790, as “Kyesinga”. The district of Giesing is still changing. Whereas it used to be referred to as a working class area, these days it tempts many students and artists, who are attracted by its rents (which are still low in places) and by its proximity to the city. The property was sold by a private owner based in Munich. The property’s purchaser is a Munich family office (a private company that manages investments and trusts for a single family). Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING is publishing its latest property market report Immobilienfakten München 2014/2015 (‘Munich Property Facts 2014/2015’), which is 36 pages long and is divided into three sections. The first section reports on both the City of Munich and the Greater Munich Region in terms of their shortage of floor space and their mobility. The second section is devoted to the changes in the market in this, the provincial capital of Bavaria. The prospects for investors are looked at in the third section, which also presents details of construction projects that are currently underway in Munich, Augsburg, Ingolstadt and Rosenheim. This property market report can now be downloaded free of charge by clicking on this link: http://www.bosselerabeking.de/

BOSSELER & ABEKING has successfully acted as the broker in the sale of another residential and business block in Boschetsrieder Straße in the Munich district of Sendling. The residential and business premises were constructed in 1958 on a plot of land approx. 600 m² in size. The property has 15 residential units and two commercial units, which have a total floor space of approx. 950 m². In addition, there are five single garage parking spaces on the property. Sendling is a former industrial and working-class area in the town centre. Today, only the cooperatively owned flats and apartment buildings remain, with one exception: the wholesale market hall from 1912 has become the third-largest trading centre for fruit and vegetables in Europe. Many well-known companies such as Siemens, Tech Data and McDonalds have their headquarters in this district. The seller of the real estate property was a private Munich-based owner. The buyer of the property was a Munich-based asset investment company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of a project development in the Munich district of Solln in Buchauerstraße. Following the demolition of the existing building, an apartment building with an underground car park will be built on the plot of land approx. 1,300 m² in size. Planning and building permission with approx. 1,400 m² living space has already been granted. The residential plot is located in the Munich district of Solln. The district is one of the most popular residential areas in Munich. Old villas in park-like gardens and new apartment buildings characterise the image of the exclusive quarter. The location near to the centre makes Solln an expensive and very popular residential area. The seller was an investment management company. The buyer is a Munich-based building contractor. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of an apartment building with an underground car park in Baaderstraße in the Munich district of Isarvorstadt. The investment property was constructed in 1968 on a plot of land approx. 900 m² in size and has a commercial unit and 41 residential units, which together have a total floor space of approx. 1.700 m². The property has an underground car park with 23 parking spaces. The property is located in the area covered by a preservation statute of the provincial capital Munich. The apartment building is located in the popular Munich district of Isarvorstadt right in the Glockenbachviertel. The Glockenbachviertel is currently evolving from a mixed residential and commercial quarter into an attractive residential quarter of the city. It is the most densely populated residential area in Munich. The name “Isarvorstadt” first appeared on 14th December 1812. Isarvorstadt is named after the location between the old city and the River Isar. The seller was a community of heirs. The buyer is a renowned Munich-based investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of office and business premises in an absolute top quality Munich location in the famous Theatinerstraße. The investment property was constructed in 1959 on a completely built over plot of land approx. 350 m² in size and has two retail units and ten office units, which together have a total floor space of approx. 1,700 m². All retail units are leased to well-known tenants. The Theatinerstraße is one of the most important pedestrian precincts in Munich. The name has its origin in the nearby St. Cajetan Church, which is popularly called the Theatinerkirche (after the “Canons of Theatra”), it used to be called “Hintere Schwabinger Gasse”. The stretch of road Theatinerstraße – Weinstraße is part of the medieval long-distance trade route running in a north-south direction, which already existed at the time the city was founded in the 12th century and intersected at Marienplatz with the salt road running in an east-west direction. Where Weinstraße merges into Theatinerstraße marks the boundary of the high medieval so-called Heinrichsstadt. The ‘Hintere Schwabinger Tor’, also called the ‘Wilbrechtsturm’, was located there until 1691. The ‘Äußere Schwabinger Tor’ stood at the northern end of Theatinerstraße until 1817. The ‘Fünf Höfe’ (Five Courts) are located directly opposite the property. Well-known chain store companies in the immediate vicinity are e.g. Nespresso, Tretter, Marc O’Polo, Esprit, Douglas and Zara. The standard ground value in this top quality location is 38,000 euros per square metre. The sellers of the real estate property were private asset investment companies. The buyer is a family office. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of residential and business premises with rear building and an underground car park in Parkstraße in the Westend district of Munich. The investment property was constructed in 1972 on a plot of land approx. 600 m² in size and has a commercial unit, 25 residential units and a penthouse unit with a roof terrace, which together have a total floor space of approx. 780 m². The property has an underground car park with a car elevator with 15 parking spaces. To what extent it is possible to add a storey to the rear building is to be examined. The property is located in the area covered by a preservation statute of the provincial capital Munich. The property is located in the Westend district of Munich, which is very popular on account of its multilateral ambience and is adjacent to the site of the Munich Beer Festival. The Westend was planned as a classic working-class area. For this reason, many housing association flats still exist today, which characterise the image of the quarter. 1,800 apartments and areas for business, commerce and service providers were built on the site of the former exhibition centre to the west of the Theresienwiese. The Westpark and the Bavariapark, amongst others, offer local recreational amenities. The property changed ownership between two Munich-based investment management companies. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of an apartment building in the Nördlichen Auffahrtsallee in the Munich district of Nymphenburg, in the immediate vicinity of the Palace Canal. The property was constructed in 1936 on a plot of land approx. 580 m² in size and has an office unit and six residential units, which together have a total floor space of approx. 520 m². The building is subject to protection as part of a group of listed buildings.

BOSSELER & ABEKING was exclusively commissioned by the owner with the marketing of the investment property. The popular district is named after the Nymphenburg Palace, the former summer residence of the Bavarian Electors and Kings. Today the Palace along with the Nymphenburg Palace grounds is one of the most popular attractions in Munich and a green oasis in the middle of the city for the people of Munich. There are numerous examples of contemporary style architecture around the Palace and to the north and south of the Nymphenburg Canal. The property changed ownership from a family office to an investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of two plots of land for project development in the Munich districts of Nymphenburg and Moosach. An existing building is currently still located on the plot of land in Nymphenburg in Volpinistraße. Following the demolition, an apartment building with exclusive apartments will be built on the plot of land approx. 800 m² in size. Due to its proximity to the Nymphenburg Palace, the evolved structure, the quiet environment and the nevertheless excellent transport links to the city centre, this district is one of the best residential areas in the municipal area of Munich. The plot of land in Moosach in Bunzlauer Straße, which occupies approx. 630 m², will probably be developed with new residential and business premises with rear building. Moosach ranks among the oldest districts in the Munich region. With the Olympia shopping centre and the “Moosacher Stachus” in Dachauer, Bauberger and Pelkovenstraße, the district has two centres at the same time with numerous shopping facilities and a wide range of services. Moosach is moreover where the headquarters of well-known service providers are located. The sellers of the plots of land were private owners. The buyers of the real estate properties were in each case Munich-based building contractors. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of a historic apartment building in Kreutzerstraße in Augsburg. The property was constructed in 1910 on a plot of land approx. 500 m² in size and has eight residential units which together have a total floor space of approx. 630 m². All residential units have new balconies which were added as part of a total redevelopment in 2008. In addition, the investment property has eight parking spaces in the courtyard. Augsburg is the capital of the Bavarian administrative district of Schwaben and with around 267,000 residents the third-largest city in Bavaria. Due to the excellent transport links and the proximity to Munich, Augsburg has also become a popular city for commuters. The historic old building was brokered by Bosseler & Abeking from an Austrian owner to a Munich-based investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has exclusively found office and business premises very near the Mangfallplatz in the Munich district of Giesing for a renowned Munich-based family office. The property was constructed in 1954 on a plot of land approx. 600 m² in size and has six residential units and a commercial unit, which together have a total floor space of approx. 720 m². All residential units have balconies and have already largely been modernised. The master tenant is a renowned financial institution which employs around 19,000 staff in Germany in over 850 branches. The Munich district of Giesing is still undergoing changes. Once referred to as a working-class area, today it attracts many students and artists with in some cases still low rents and close proximity to the city centre. The seller of the real estate property was a Munich-based community of heirs. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of an apartment building in Alpenweg in the southern municipal area of Rosenheim. The investment property was constructed in the late 1960s on a plot of land approx. 1,900 m² in size. The property has 38 residential units which have a total floor space of approx. 3,200 m². In addition, there are garage parking spaces on the property. The apartment building is in a modernised condition.

BOSSELER & ABEKING was exclusively commissioned by the owner with the marketing. Rosenheim lies at the confluence of the Mangfall and Inn rivers – on the transport routes Munich-Innsbruck-Salzburg. With around 61,000 residents, Rosenheim is the third-largest town of the administrative district of Upper Bavaria. The economic area of Rosenheim is characterised in particular by its excellent infrastructure with the connection to the main European transport routes by road and rail, a wide assortment of commercial properties and many research and educational institutions. Rosenheim is known all over the world thanks to the University of Applied Sciences with the wood and wood engineering faculties. The seller of the real estate property was a community of heirs. The buyer of the property is a Landshut-based investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of another apartment building in Boschetsrieder Straße in the Munich district of Sendling. The investment property was constructed in 1920 on a plot of land approx. 600 m² in size. The property has 10 residential units which have a total floor space of approx. 700 m². In addition, there are seven single garage parking spaces on the property. The complete apartment building is in a modernised condition. The property is located on the direct district boundary of the southern districts of Sendling and Thalkirchen. Sendling is a former industrial and working-class area in the town centre. Today, only the cooperatively owned flats and apartment buildings remain, with one exception: the wholesale market hall from 1912 has become the third-largest trading centre for fruit and vegetables in Europe. In the southern part of the district there are many local recreation areas. The seller of the real estate property was an investment management company from Nuremberg. The buyer of the property is a renowned Munich-based family office. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully brokered a further listed dwelling complex in Bauerstrasse in Munich’s popular Schwabing quarter. The property was erected in 1928 on a site of approx. 850 m², in the form of a corner building with a central, triangular oriel. The property has a total usable floor space of approx. 2,000 m². The flats are equipped with balconies or loggias. The dwelling complex also has a listed lift system. The property is located in the heart of Schwabing, between Kurfürstenplatz and Elisabethplatz. Its proximity to the English Garden, optimal transport connections, cultural facilities, and numerous shops and restaurants make for a special quality of life in this quarter. The appearance of this part of the city is characterised by the Wilhelminian bourgeois houses and urban villas, and by the many art nouveau facades. The standard ground value in this district is around 7,500 euros per square metre. The seller of the property was a family foundation. The buyer is a well-known Munich asset management firm. The parties have agreed to treat the purchase price confidentially.

BOSSELER & ABEKING has successfully acted as the broker in the sale of another residential and office block in Friedrichstraße in the popular Munich district of Schwabing. The property was planned in 1896 by Martin Dülfer as the first Art Nouveau block of flats and constructed on a plot of land approx. 1,400 m² in size. The property has four commercial units and six residential units which together have a total floor space of approx. 3,840 m². The entire property has an above-average standard of furnishings. The building was damaged during the war, but many still existing stylistic elements of the interior have been retained in their original form. The standard ground value in this quarter is 6,500 euros per square metre. The investment property is located in the centre of Schwabing not far from the internationally known Leopoldstraße. The proximity to the English Garden, the excellent transport connections, the cultural institutions and the numerous shopping opportunities and restaurants make this quarter really worth living in. The image of this district is characterised by the contemporary style town houses and urban villas and the numerous Art Nouveau façades. The seller of the real estate property was a family office. The buyer of the property is an investment management company based in Luxembourg. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of another block of flats in Franz-Joseph-Straße in the popular Munich district of Schwabing. The property was constructed in 1953 on a plot of land with inner courtyard approx. 930 m² in size. The property has 25 units which together have a total floor space of approx. 1,100 m². The inner courtyard also has 19 garage parking spaces. An additional planning permission for further development of the rear part of the property is possible. The property is located in the centre of Schwabing not far from the internationally known Leopoldstraße. The proximity to the English Garden, the excellent transport connections, the cultural institutions and the numerous shopping opportunities and restaurants make this quarter really worth living in. The image of this district is characterised by the contemporary style town houses and urban villas and the numerous art nouveau façades. The seller of the real estate property was a family-owned company. The buyer of the property is a Munich-based investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of another apartment building in Alpenstraße in the Munich district of Obergiesing. The property was constructed in 1950 on a plot of land approx. 400 m² in size and has 17 residential units which together have a total floor space of approx. 1,000 m². All units have balconies which face southwest. The residential units have already largely been modernised. The property is located in the area covered by the preservation statute of the City of Munich. The Munich district of Giesing is still undergoing changes. Once denounced as a working-class area, today it attracts many students and artists with in some cases still low rents and close proximity to the city centre. The seller of the real estate property was a family office from Frankfurt. The buyer of the property is a Munich-based asset investment company. Both parties have agreed not to disclose any details regarding the purchase price

BOSSELER & ABEKING has successfully acted as the broker in the sale of an office property in Herrnstraße in the centre of Munich. Herrnstraße runs parallel to the well-known Maximilianstraße. The property in a top location was constructed in 2000 on a plot of land approx. 700 m² in size and was designed by the architects Herzog & de Meuron. The architect’s office from Basel with offices in London, Munich, Barcelona, San Francisco and Tokyo has already been awarded the German Critics’ Prize, the Pritzker Prize and the British Design Award. With well-known structures such as the Allianz Arena in Munich and the Elbphilharmonie in Hamburg, the architect’s office has attained international renown. The property has a retail unit, three office units and a penthouse, which together have a total floor space of approx. 2,300 m². All units have room-high glazing and are flexible in the room layout. In addition, a modernised rear building is located in the courtyard of the property. The building also has a fully automated underground car park with 18 parking spaces. All retail and office units are leased to well-known companies. The seller of the real estate property was a well-known Munich-based family office. The buyer of the property is a Munich-based property company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has acted as the broker in the sale of a listed apartment building very near the English Garden in Seestraße in the popular historical district of Schwabing. The property in a top location was built in 1923 on a plot of land approx. 2,800 m² in size and was completely renovated in 2000. The property is made up of three building sections and has a total floor space of approx. 1,100 m². All residential units have exclusive amenities. Furthermore, each residential unit is allocated a generous share of the garden. The Seestraße is one of the most renowned inner city locations in Munich. The close proximity to the English Garden and the quiet but nevertheless central location distinguish this location. The seller of the real estate property was a private Munich-based owner. The buyer of the property is a well-known Munich-based investment management company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of three further partly listed investment properties. The apartment building with a rear building is located in the district of Giesing in Deisenhofener Straße and was built in 1903 on a plot of land approx. 800 m² in size. The 14 residential units have a total area of approx. 1,100 m². The office and business premises are located in the district of Ludwigsvorstadt in Zenettistraße and in the district of Isarvorstadt in Zweibrückenstraße, which forms the extension from Marienplatz across the valley to the banks of the river Isar. The residential and business premises in the district of Ludwigsvorstadt was built as long ago as 1889 and has a shop unit and 21 residential units, which have a total area of approx. 1,300 m². The office and business premises in Isarvorstadt lie at the intersection of traditional Munich districts such as Lehel, Glockenbachviertel and Au, and was built in 1950 on a plot of land approx. 400 m² in size. The property has two retail units and six office units, which have a total floor space of approx. 1,250 m². There is potential for development for all three investment properties. The sellers of the real estate properties were a church-run enterprise and private Munich-based owners. The buyers of the investment properties are well-known Munich-based investors. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has acted as the broker in the sale of another apartment building in Schellingstraße in the Munich district of Schwabing. The property in a top location was built as long ago as 1900 on a plot of land approx. 600 m² in size and consists of front and rear buildings. At the time of acquisition, the property was in a condition in need of renovation and has now been painstakingly renovated. The property has a total floor space of approx. 850 m². The standard ground value is 6,500 euros per square metre. Schwabing is one of the most sought-after districts of Munich. The proximity to the English Garden, the excellent transport connections, the cultural institutions and the numerous shopping opportunities and restaurants make this quarter really worth living in. Leopoldstraße between Siegestor and Münchner Freiheit is especially popular as a boulevard. The image of this district is characterised by the contemporary style town houses and urban villas and the numerous art nouveau façades. The seller of the real estate property was a private Munich-based owner. The buyer of the property is a Munich-based property company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of two further listed residential and business premises. The investment properties are located in the much sought-after districts of Lehel in Christophstraße and Neuhausen in Blutenburgstraße. The property in a top location in the district of Lehel was built as long ago as 1828 in the classical style on a plot of land approx. 400 m² in size and consists of front and rear buildings. The commercial and residential units of the property currently have an area of approx. 800 m². Due to the close proximity to the town centre, this quarter is a classic and very much in demand residential location in the old part of town. The standard ground value is 6,700 euros per square metre. The property in the popular district of Neuhausen was constructed in 1900 on a plot of land approx. 350 m² in size and presents itself as a corner building with a rear building. The investment property currently has two retail units and 19 residential units with a total area of approx. 1,430 m². The leases show considerable rent increase potential. The Rotkreuzplatz located in the vicinity serves as the business centre of the entire municipal district of Neuhausen. The sellers of both real estate properties were in each case private Munich-based owners. The buyers of the residential and business premises were two family offices. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has acted as the broker in the sale of another apartment building with an underground car park in Franz-Fihl-Straße in the Munich district of Moosach. Moosach ranks among the oldest districts in the Munich region. With the Olympia shopping centre and the “Moosacher Stachus” in Dachauer, Bauberger and Pelkovenstraße, the district has two centres at the same time with numerous shopping facilities and a wide range of services. Moosach is moreover where the headquarters of renowned service providers are located. The property consists of two building sections and was built in 1956 and 2000 on a plot of land approx. 1,400 m² in size. The property currently has 14 residential units with a total floor space of approx. 1,000 m². The apartment building also has an underground car park with 14 parking spaces. The seller is a Munich-based private owner. The buyer is a family office. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has acted as the broker in the sale of another apartment building with garage parking spaces in Abtstraße in the Munich district of Milbertshofen. The national headquarters of well-known companies such as BMW, Oracle and O2 are located in this district. The proximity to the Olympiapark and Luitpoldpark makes this district a much sought-after residential location. The property was built in 1961 on a plot of land approx. 1,071 m² in size and consists of two buildings. The property currently has 32 residential units with a total floor space of approx. 1,600 m². The apartment building also has 10 garage parking spaces and has rent increase potential. The seller is a Munich-based investment management company. The buyer is a Munich-based, tradition-steeped company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING presents the current Munich 2012/2013 property market report on property facts, which consists of four parts with altogether 42 pages. The first part of the report provides insights into the economic development and the property market in Germany. The second part compares the major cities of Germany. The third part gives information particularly about the change in the market in the Bavarian provincial capital. The fourth part is dedicated to the perspectives for investors in Munich and presents the current building projects from Munich. The property market report is now available for downloading free of charge from our website www.bosselerabeking.de.

BOSSELER & ABEKING has acted as the broker in the sale of another apartment building with potential for development in Waltherstraße in the Munich district of Ludwigsvorstadt. This quarter is a classic and much sought-after residential location in the old part of town. The property was built in 1953 on a plot of land approx. 730 m² in size. The property currently has 20 residential units with a total floor space of approx. 1,200 m². Most of the apartments have been completely renovated, these are currently being leased complete with high quality furnishing. Planning and building permission already exists for the attic extension and for a further extension. The standard ground value is around 4,000 euros per square metre. The property is located in the area covered by a preservation statute of the provincial capital Munich. The seller is a private Munich-based owner. The buyer is a private Munich-based asset investment company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has acted as the broker in the sale of another project development in Bereiteranger in the Munich district of Au near to the centre. The property was built in 1880 on a plot of land approx. 2,200 m² in size. The current development of the property includes a front building with a side building, a large hall and several rear buildings. The property currently has a total floor space of approx. 2,600 m². After the planned new development, the property will have a total floor space of approx. 3,800 m². Outline planning permission for the new development is already available. After the new development, the complete property will be used exclusively for housing. The area along the river Isar with its historic preserved residential and business premises is a classic and much sought-after residential location. The standard ground value is 2,350 euros per square metre. The property is located in the area covered by a preservation statute of the provincial capital Munich. The seller is a Munich-based investment management company. The buyer is a building contractor from the administrative district of Starnberg. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of another residential, office and business block in a top location in the Färbergraben. Well-known chain store companies such as Hirmer, C & A, Kaufhof, H & M and S. Oliver are located in the immediate vicinity. The property was constructed in 1958 and the plot of land is completely built over. The property has a retail unit, three office units and ten residential units, which have a total area of approx. 1,000 m². The purchase price was 29-times the annual rent at a current rent. The quarter around the Färbergraben is experiencing a considerable revaluation due to the new development of the former area of the Süddeutsche Zeitung with the project “Hofstatt” and the post office in Sattlerstraße. The standard ground value in this district area is up to 20,000 euros per square metre. The seller is a private owner. The buyer is a Munich-based, tradition-steeped company. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully sold two apartment buildings in Erzgießereistraße and Lachnerstraße. The properties are located in the Munich districts of Maxvorstadt and Nymphenburg. The real estate properties were built in the middle of the 19th century and beginning of the 20th century and are listed buildings. The property in Nymphenburg has a plot of land approx. 2,000 m² in size, which has an additional planning permission. The district of Nymphenburg is one of the most exclusive district locations in Munich. The investment property in Maxvorstadt has six residential units and an office unit with a total floor space of approx. 500 m². The standard ground values in these district locations range from 1,800 euros per square metre up to 4,300 euros per square metre.

The sellers are a private owner and a community of heirs. The buyers are a Munich-based building contractor and a Munich-based family office. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully sold office and business premises with project development potential in the Munich district of Sendling in Lindwurmstraße. The property was constructed at the beginning of the 19th century on a plot of land approx. 3,300 m² in size. Additional building units were constructed in the years 1912 and 1936. Originally the property was a brewery building which was converted, extended and renovated time and again in the course of the historical use. The property currently has 13 office units and two shop units with a total floor space of approx. 3,121 m². The conversion of the property to an apartment building with top-quality loft apartments has already been approved. There is also additional planning permission in the courtyard area. After the conversion, the property will have an area of approx. 4,721 m². In addition, after the conversion the property will have an underground car park with 28 parking spaces. Untersendling in the inner area of the central ring rind is developing into a sought after residential and business quarter as was the case with the districts of Haidhausen, Glockenbachviertel, Au, Ludwigsvorstadt and Isarvorstadt several years ago. The seller is a Munich-based investment management company. The buyer is a Franconian project developer. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully acted as the broker in the sale of two commercial properties and an undeveloped plot of land with potential for development in Kaiserstraße, Aribonenstraße and in the Hohenschwangauplatz in the Munich districts of Schwabing, Ramersdorf and Giesing. Altogether the real estate has approx. 3,650 m² land area. The commercial properties are listed buildings and were constructed at the beginning of the 20th century. Each of the two properties currently has a catering unit with a total floor space of approx. 600 m². In addition, the two properties have nine residential units with a total living space of approx. 513 m². Subject to planning and building permission, the plot of land will be developed with an apartment building with approx. 17 units and an underground car park. The apartments will have a total area of approx. 1,300 m². The commencement of construction is scheduled for the spring of 2012. The sellers are a community of heirs, a Munich-based family business and a Franconian company. The buyers are a Munich-based building contractor, a private investor and a renowned investment management company from Munich. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully sold another apartment building with an underground car park in Reginfriedstraße in the Munich district of Giesing. The property was constructed in 1964 on a plot of land approx. 4,340 m² in size and has 47 residential and six office units with a total area of more than 3,600 m². In addition, the property has 12 underground parking spaces and 19 parking spaces in the courtyard. There is additional planning permission on the site, which is secured by a development plan. The district of Giesing is characterised by its residential location near to the centre. The seller is a Munich-based foundation. The buyer is a Munich-based family office.

BOSSELER & ABEKING was commissioned exclusively with the valuation and marketing of the property. Both parties have agreed not to disclose any details regarding the purchase price.

The current property market in Munich

Munich is in demand. The latest German city rankings once again confirm the undisputed leading position of the Bavarian capital. More workers are constantly moving to Munich, Munich contains the largest number of company head offices in proportion to its population, and an above-average number of new companies are founded in Munich.

The direct economic landscape always has a crucial influence on the development of property values. The usual price increases in the Munich property market are currently being strengthened even further by the high capital pressure. German investors in particular are looking for alternatives to the volatile financial market here. And although new residential districts, modern office centres and additional district centres have been built in recent years on spacious city-centre plots, Munich is still far from being able to provide enough properties for all those who wish to stabilise their investment portfolio through property investments at the moment.

Munich Special

In addition, every quarter within a city generally has its own special features: Prices and rents are bound to vary considerably depending on location and building quality. And the many newly developed areas in Munich, both outside and inside the Mittlere Ring, are tending to change the structure of both locations and prices. The perception of convincing market opportunities is consequently often limited to “core properties”, as they might be called, in 1A locations, since institutional investors in particular often cannot deal with the specific features of other types of properties.

One of the peculiarities of the Munich market is therefore also the strong presence of solvent, often regionally based private investors and family offices whose personal ties with Munich and Bavaria allow a differentiated knowledge and valuation of the properties available.

Dynamic market development and increasing complexity

However, it is easy for a favourable opportunity to pass owners by too during dynamic phases. Who is actually always able to keep an eye on the development of all the background conditions at the same time – especially if they are responsible for mixed-use properties or several residential and commercial buildings? It is not only owners who find it difficult to assess whether a current price offer would make selling the property worthwhile or not. Even managers and administrators who are normally very familiar with their buildings all too often underestimate the potential of the complex market situation.

And who gets in touch with an agent if they are not certain whether they even want to sell the property? But a reliable partner who has the opportunity at an early stage, and irrespective of the actual business transaction, to get to know the portfolio is the ideal person to realise the best individual market opportunities at the right time. Because he can assess not only the general trends but also how the local market and location are developing specifically. Expert advice is therefore always important, especially now!

The increasing costs of maintenance

At the moment the development of values and yields are already starting to diverge clearly. Rents, which are very high in Munich anyway, cannot keep up generally with the increase in value. New investments call for a further increase in the professionalism of facility management and are driving refurbishment and administration costs up. The increase in demand for the most modern new building is increasing the competition for solvent tenants, especially commercial ones, and is creating, even in Munich, an increasing office vacancy rate at the moment.

A commitment to development and further development, to energetic upgrading, refitting and new spatial concepts, and also, especially in secondary locations, to the adjustment of the letting strategy to changed locational conditions is becoming increasingly important for acquiring a good position in the rental market and lasting value retention.

Profit opportunities at the peak?

“It is possible that the result of an expert prediction that takes all these factors into account will actually be that reinvesting sales revenues in a different property is more lucrative than retaining a particular piece of real estate because the profit opportunities could hardly be more ideal for this real estate than they are now”, says CEO Adrian Bosseler. Because if the gap between price and profit potential becomes too large, the high level of transparency of the German property market, at least in an international comparison, will tend to limit the speculative risk and thus any inappropriate upward movement of prices.

BOSSELER & ABEKING has successfully sold an apartment block with underground car park in the Munich district of Altperlach. The property was built in 1993 on a site covering approx. 1,000 m² and is divided into two building sections. The property comprises 28 residential units covering a total of approx. 700 m² residential space. In addition, the property has its own underground car park with 30 parking spaces. The complex is rented for 5 years to an insurance company’s principle lessee, who rents serviced apartments here. The buyer of the property is a Munich asset management company which has acquired the development to expand its property portfolio. The vendor is a German insurance group.

BOSSELER & ABEKING was given sole instructions to market and value the property. The parties have agreed to treat the purchase price as confidential.

BOSSELER & ABEKING has successfully brokered two more listed investment properties in the Munich districts of Isarvorstadt and Au. The properties were originally built in 1889/1890. They comprise a residential and commercial property and a multi-family building. The site size of the two properties in total is over 1,100 m². Together, the properties offer over 2,400 m² of residential space. The residential and commercial building has nine residential units and one retail unit, and is in the area covered by the preservation statutes of the City of Munich. The multi-family building contains 17 residential units located in the front, side and rear building. The residential units of both investment properties generally all have balconies and terraces. The land guideline value for the two properties is between €3,250 and €5,750. The buyers of the properties are private investors who also want to expand their portfolios in the future. The vendors are two Munich family offices. The parties have agreed to treat the purchase price as confidential.

BOSSELER & ABEKING has successfully brokered a deal involving two listed multi-family buildings in the Munich district of Bogenhausen in an excellent location on Shakespeare Platz. The properties were built in 1920/1923 and modernised in 2003/2008. The guideline value of the properties in this part of the city is over €3,000 per square metre. The investment properties are outside the preservation statutes of the City of Munich. The buyers of the properties are private investment companies who will also be expanding their portfolios in the future. The vendors are a family firm from Switzerland and a German insurance group.

BOSSELER & ABEKING was given sole instructions by the largest German insurance group to market and value the real estate. The group owns a property portfolio with a value of around five billion euro. The company, which is amongst the largest lessors of office and retail space in Germany, receives a rental income of around 300 million euro a year. The parties have agreed to treat the purchase price as confidential.

BOSSELER & ABEKING has successfully brokered a project development for a residential and commercial building with underground car park in the Munich district of Giesing. Some 31 residential and 2 retail units with a gross floor area of approx. 3,500 m² will be built on the site, which covers approx. 1,200 m². In addition, an underground car park with 16 parking spaces is also planned. The site is currently used for retail purposes. The site is being sold by a private investor, and the buyer is an international building company.

BOSSELER & ABEKING has brokered an office and commercial building, in the vicinity of the Altstadtring in Schwanthalerstrasse, south of the central station in the Munich borough of Ludwigsvorstadt. The property was built in 1950 and redeveloped into an office building in 1970/71. The property has a total useful floor space of approx. 1,270 m². The main tenant of the property is one of the most successful foreign specialist IT stores in Munich. Other well-known chain store companies are located close-by. The vendor of the property was an insurance company from Hamburg. The buyer is a family-owned company from Munich. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has brokered a further apartment building in the internationally known Leopoldstrasse in the Munich borough of Schwabing. The property was built in 1930 and stands on a plot of approx. 1,000 square metres. The apartment building has 39 housing units with an area of approx. 2,700 square metres. The vendor of the property is an investment company from Frankfurt. The buyer is a private real estate company from Munich. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has published the current real estate market report for Munich with the latest real estate facts for 2011/2012. The first part of this 34-page report highlights and analyses the general economic development and Germany’s real estate market in the respective categories along with its players. On the basis of specific criteria such as purchasing power, demographic and employment structures as well as the development in the respective real estate sectors, the second part presents a profile of the big cities of Munich, Düsseldorf, Frankfurt am Main, Stuttgart, Hamburg and Berlin. The third part focuses in depth on the real estate and investment market of the Bavarian state capital and the prospects for investors in the individual boroughs. The latest market report is available as a free download.

BOSSELER & ABEKING has successfully brokered a fully hired out residential and commercial property in the Adlzreiterstrasse in the Munich borough of Ludwigsvorstadt. The property was built in 1900 and 1950 respectively and is divided into the front and rear building. The building stands on a 1,200 m² plot and has 24 residential and two commercial units. The top floor and the intermediate building have a development potential of around 650 m². The vendor of the property was a Munich-based asset investment company; the buyer was a capital investment company. The property is located in the area of the city of Munich covered by a preservation statute.

BOSSELER & ABEKING has successfully brokered a hotel in Munich’s centrally located Schillerstrasse. The property was built in 1950 and comprises a front and back building. The property was converted into a hotel when it was extensively redeveloped in 1981. The front building is listed. The hired out hotel area consists of 59 rooms (180 beds) and an area of approx. 2,264 square metres. Added to this, the property also includes the hired out basement and storage areas of approx. 569 square metres, thus yielding a net floor area of 2,833 square metres. The property was completely modernised in 2008. Additional planning permission is available for the rear building. The possibility of extending the listed front building is also being investigated. The vendor was a community of heirs, the buyer a Munich-based asset investment company. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully accompanied the purchase of real estate for the residential building project development “Schwabinger Gärten” in Speyerer Straße near to the centre of Munich. According to the plan, the residential and retail units amount to a gross floor area of approx. 2,187 square metres. The total floor space is approx. 1,984 square metres exclusive of the special rights of use of private gardens of the ground floor units. The current development of the site in Speyerer Straße includes a garaging facility and retail units. The leases can be terminated with a period of no more than twelve months to the end of the month. The seller of the property was a Berlin-based asset investment company, the buyer was a Munich-based project developer. Both parties have agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has acted as the broker in the sale of a retail property in Maria-Probst-Straße in Munich. The property was constructed in 1970. The property has a basement, ground floor and upper floor as well as a parking level. Two tenants use the property, a specialist store for electrical appliances and kitchens and a wholesale business for office furniture and computers. The site floor space is approx. 5,850 square metres and is located at the Euro-Industriepark in Munich. Altogether, the retail floor space in the basement, ground and upper floor amounts to approx. 5,840 square metres. Further subareas come to just under 700 square metres. Altogether, the property has a total floor space of 6,352 square metres. The buyer was a project developer, the seller was an asset investment company. Both parties have agreed not to disclose any details regarding the applicable purchase price.

The Munich-based real estate consultancy and brokerage company BOSSELER & ABEKING has acted as the broker in the sale of an apartment building in Schwanseestraße near to the centre of Munich-Giesing. The property was constructed in 1965 in the solid construction method, consists of three buildings and is located on a plot of approx. 3,965 square metres. The façade was renovated in 2010 on the basis of energy-related aspects. The property has twelve sheltered and eleven outside parking spaces, a basement and eight upper floors in addition to the ground floor. Furthermore, the property has 35 units of approx. 2,760 square metres. Three retail units, a catering unit and an office unit complete the property. There is also an additional planning permission. The buyer was a private investor, the seller was an insurance corporation. Both parties have agreed not to disclose any details regarding the applicable purchase price.

The Munich-based real estate consultancy and brokerage company BOSSELER & ABEKING has successfully acted as the broker in the sale of residential, office and business premises in the Munich district of Schwabing. The listed corner property on a plot of approx. 550 square metres in centrally located Bauerstraße was built in 1901 and completely refurbished in 1998. The building, constructed in the solid construction method, has four shop and office units with an area of approx. 877 square metres and eight apartments, which together take up approx. 651 square metres. The total floor space is therefore approx. 1,528 square metres. The seller of the property is an investment management company, the buyer is a Munich-based real estate company. Both parties have agreed not to disclose any details regarding the applicable purchase price.

BOSSELER & ABEKING has successfully negotiated the sale of an office and commercial building in the Tal street within Munich’s historic city centre. The Tal shopping promenade in Munich belongs to the prime office and business locations in the centre of Munich. The property close to the Marienplatz square has a catering unit on the ground floor and on the first floor, plus four offices, two surgeries and seven apartments. The total floor space is around 1,700 m². The option is available of extending the retail spaces. According to the committee of valuation experts, the standard ground value is around 9,500 euros per square metre. The vendor of the commercial property was a private asset investment company.

The Munich-based property consulting company and real-estate agent BOSSELER & ABEKING has successfully negotiated the sale of a residential and office building in the Bereiteranger street in a central Munich City location close to the Isar. The property was built around the year 1880 as a solid construction and is divided into the front building and annex with an area of around 1,223 square metres, in addition to three outbuildings with an area of around 1,335 square metres. The property has a total floor space of 2,558 square metres: 70% of which is used as commercial space and 30% as housing space. The inner courtyard of the property has around 11 car parking spaces. The property is not listed and its commercial leases are on a short term. The vendor of the property was a private community of heirs from Munich. The parties agreed not to disclose any details regarding the purchase price.

BOSSELER & ABEKING has successfully negotiated the sale of three plots for project development in Bavaria’s provincial capital. The transaction comprises a plot in Neumarkter Strasse in Berg am Laim, the Lerchenauer Strasse am Olympiapark and a housing plot in Weizenfeldstrasse, situated directly next to the Englischer Garten. All three addresses put together add up to a gross floor area (GFA) of 10,500 square metres. Around 5,500 square metres of which are dwelling space and around 1,500 square metres retail spaces. The vendors were in each case two communities of heirs and an insurance corporation.
The parties agreed not to disclose any details regarding the purchase price.
“Despite the fact that city-centre plots for project development are in short supply, we successfully negotiated the sale of the plots for both housing and retail use, says Managing Director Adrian Bosseler.

The Munich-based property consulting company and real-estate agent BOSSELER & ABEKING has successfully negotiated the sale of a residential and commercial building in Auerfeldstrasse in Munich’s Haidhausen district. The property was built in 1912 as a solid construction and boasts a highly elaborate double bay front. This listed property has been completely renovated and modernised in recent years, the attic storey has been extended towards the courtyard side. The total floor space of the property, excluding storage spaces, is around 1,800 square metres, which comprises 18 accommodation units with an area of 1,515 square metres in addition to two shop and office units with an area of 278 square metres (approx.). There are also two storage units of around 350 square metres. The plot in Auerfeldstrasse has an area of around 650 square metres. The parties agreed not to disclose any details regarding the purchase price.

The Munich-based property consulting company and real-estate agent BOSSELER & ABEKING has successfully accompanied the transaction of a Munich housing area in Tegernseer Landstrasse located in the Munich-Giesing district. The property, situated in a central location with good infrastructure, was built in 1971 as a solid construction and is subdivided into six building complexes, which stand on a plot of around 2,700 square metres. The six-storey property has two full basement storeys and has over 145 accommodation units with an area of 7,445 square metres, all of which are let. The property also has two commercial units with an area of 362 square metres and storage areas of 1,626 square metres. The total floor space adds up to just under 9,500 square metres. Each of the six buildings is equipped with a lift system. The underground car park has 40 duplex and 35 single car parking spaces.

The vendor of the housing area was a community of heirs. The parties agreed not to disclose any details regarding the purchase price.