ABG Capital acquires the ART155 office building in Munich

ABG Capital, ABG Real Estate Group’s investment management entity, has acquired the ART155 building, an existing property at Landsberger Strasse 155/159 in Munich, in cooperation with a small group of occupational pension schemes. The total investment volume amounts to approximately €150 million ($169 million). The building was sold by Goldman Sachs Asset Management and DW Real Estate GmbH.

The fully leased office building formerly known as Artemis is conveniently situated on Landsberger Strasse in the Westend neighborhood, very close to Munich’s middle ring road (Mittlerer Ring) and the Munich West suburban railway line. With customizable rental spaces from 200 square meters to 4,600 square meters (2,153 square feet to 49,514 square feet), the property totals around 23,200 square meters (249,723 square feet) spread over five floors above the ground, with more than 280 parking spaces on two underground floors, and a direct connection to a high-speed internet node, th