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Sign in Sign up for a FREE subscriptionGEG acquires Fashion Mall Munich
GEG German Estate Group AG has now purchased both building components of the Fashion Mall Munich in Parkstadt Schwabing, within the scope of an off-market transaction.
The fully let property has a total rental space of approximately 17,000 square meters (183,000 square feet) and 340 parking spaces. The total investment volume amounts to approximately €90 million ($114 million).
With its established user concept as a fashion and order center for B2B clients, the Fashion Mall Munich benefits from a stable and diversified rental situation. A total of 31 tenants from the fashion industry present their clients with next season’s fashion collections in two separate buildings.
Fashion Mall Bronce, the smaller of the two properties with 6,000 square meters (65,000 square feet) of space, attends to clients from the premium segment (16 brands), while Fashion Mall Titan’s approximately 11,000 square meters (118,000 square feet) houses 15 tenants from the trend segmen
