AEW acquires newly developed prime office building in Munich for German pension fund

AEW has purchased the newly developed office building THE RUN at Neumarkter Straße 75 in Munich, which is fully pre-let to the high-end fashion brand BOGNAR as its new German headquarters. The financial terms were not disclosed.

The asset was acquired from real estate developer neuplan as part of a pan-European investment strategy on behalf of a German pension fund.

The asset comprises 9,600 square meters (103,300 square feet) of sustainably developed office space expanding across five floors. In addition, the building will also feature in-house showrooms, a barista bar, a gym, and e-charging stations across a full floor of the double-story underground parking.

The asset is located in the up-and-coming Munich district of Berg am Laim, situated between Werksviertel and Leuchtenbergring and around 4 kilometers (2.5 miles) east of the city center. The Leuchtenbergring S-Bahn station, which is within walking distance, connects the location with Marienplatz in arou