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Report: Corpus Sireo, partners to buy Munich office complex for €390M

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Report: Corpus Sireo, partners to buy Munich office complex for €390M

Corpus Sireo, Swiss Life Asset Managers and Universal-Investment are acquiring the Oskar office complex at Oskar-von-Miller-Ring 20 in Munich from Hines for roughly €390 million, THOMAS DAILY reported, citing market insiders.

Universal-Investment and Swiss Life Asset are purchasing their respective stakes in the property for a Bayerischen Versorgungskammer fund and Swiss Life fund, respectively.

Corpus Sireo will be the asset manager for the fully let property, which offers roughly 26,000 square meters of gross floor area and counts Condé Nast, WeWork Cos. Inc. and Amazon Web Services as tenants.

CBRE and BNP Paribas Real Estate are the advisers, the report noted, adding that the transaction is subject to approval by antitrust authorities.