- Modern office complex completed in 2023
- 25,000 square metres of lettable space with a weighted average unexpired lease term of 30 years
- Certified “DGNB Gold” and “LEED Gold”
Munich, 26 October 2026 – ABG Real Estate Group, together with HanseMerkur Grundvermögen, has brought together a club of German institutional investors that has acquired the “QUBES” office property in Munich-Moosach, located in the Olympia Business District. BayernLB acted as financing partner, while the seller was a project company undergoing insolvency proceedings under self-administration. The purchase price remains confidential.
Modern Building Complex with High-Quality Space
“QUBES”, also referred to as Munich’s IT City Hall, is a modern building complex completed in 2023 at Agnes-Pockels-Bogen 27/33. The five interconnected buildings, comprising up to five above-ground floors and two basement levels, form part of the Technology Campus Munich and offer approximately 25,000 square metres of lettable space. The property is fully leased to IT@M, the information and telecommunications services centre of the Bavarian state capital. With a weighted average unexpired lease term (WALT) of 30 years, the property benefits from an exceptionally long-term lease structure.
The property is characterised by high building quality and offers premium, modern office and administrative space. “QUBES” holds the sustainability certifications “DGNB Gold” and “LEED Gold”. The property includes 341 underground parking spaces and five outdoor parking spaces, as well as bicycle parking facilities.
HanseMerkur Grundvermögen will advise IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH on future fund management, while ABG Real Estate Group will be responsible for asset management. As the investor group has already been finalised, the investment vehicle is not being marketed.
Malte Andes, Deputy Chairman of the Executive Board of HanseMerkur Grundvermögen, comments:
“QUBES offers a rare combination of highly predictable long-term cash flows, a high degree of income security and sustainable value stability. Combined with its sought-after location, this creates an investment profile that offers a high level of long-term planning certainty, particularly for risk-conscious investors.”
Ulrich Höller, Managing Partner of ABG Real Estate Group, adds:
“Our long-standing collaboration with HanseMerkur Grundvermögen is a key success factor in this transaction, enabling us to act as a solutions provider for institutional clients. Building on this partnership, we have succeeded in creating the conditions for the joint acquisition of the property.”
Established Location with Excellent Transport Links
“QUBES” is located in the economically strong north-western part of Munich, home to numerous renowned major companies and DAX-listed corporations. The property benefits from good access to Munich’s public transport network, with the Georg-Brauchle-Ring and Westfriedhof underground stations located nearby. It is also well connected to the Mittlerer Ring, with the A8 and A99 motorways easily accessible.
On the legal side, the buyers were advised on the transaction by McDermott Will & Schulte Rechtsanwälte Steuerberater LLP. IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH will act as the capital management company (KVG).
About ABG Real Estate Group
Founded in Munich in 1967, ABG Real Estate Group has a successful track record spanning almost 60 years. Through its Development, Investment and Asset Management divisions, the company covers the entire real estate lifecycle from a single source – from project development and construction supervision to leasing, financing and investment management.
The company has a nationwide presence, with offices in Hamburg, Frankfurt, Berlin, Cologne and Munich. With a team of more than 75 employees, ABG Real Estate Group develops, delivers and manages commercial properties, residential properties and urban districts. Its current assets under management total approximately EUR 4 billion.
Its portfolio of landmark projects includes the Living Isar urban district on the former Osram site in Munich, the Deutschlandhaus in Hamburg and VoltAir in Berlin.
Current ABG projects include the Mariengärten and Quartier Helene residential and urban districts in Munich, the “Central Parx” building complex and “Palais Rossmarkt” in central Frankfurt, as well as “Yorcks” in Düsseldorf.
www.abg-group.de
About HanseMerkur Grundvermögen AG
HanseMerkur Grundvermögen AG (HMG) is the real estate investment and asset management company of the HanseMerkur Insurance Group. Institutional investors invest alongside HanseMerkur in, among other things, specialist real estate funds and financing funds. More than 70 investors already benefit from this partnership model with HanseMerkur.
The investment focus is on modern and sustainable residential and office properties in Germany’s growth regions. With a team of approximately 115 real estate experts, HanseMerkur Grundvermögen AG currently manages real estate assets worth around EUR 7 billion.
www.hmg.de
