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12.08.2019

GSK Stockmann advises Art-Invest and ACCUMULATA on letting Munich’s “Macherei” business quarter to Design Offices

GSK Stockmann comprehensively advised the project developers Art-Invest Real Estate and Accumulata Real Estate on letting a total of over 16,300 m2 in the Munich office and commercial neighbourhood development “Die Macherei” (“the makery”) to Design Offices, a leading corporate co-working provider in Germany.

The “Macherei” is turning into an urban office and commercial quarter in the eastern part of Munich. Completion is scheduled for early 2021. On a total area of 26,400 m2, six buildings of diverse yet complementary architectural styles will be grouped around a central square. The innovative concept is bringing together flexible loft offices with roof terraces, a design hotel, co-working spaces, conference rooms, restaurants, retail spaces and a fitness studio on approx. 74,400 m2 of rental space. The project developer is a joint venture of Art-Invest Real Estate and Accumulata Real Estate.

Co-working provider Design Offices will move into building M6 at the beginning of 2021, which will then be is largest location, offering co-working, conferencing and event space. The single-tenant lease is one of the largest on the Munich market this year. M6 was designed by Ochs Schmidhuber Architekten in an industrial style.

GSK Stockmann comprehensively advised Art-Invest Real Estate and Accumulata Real Estate in the context of the lease. Monique Franke had the lead in this matter. She has been a Partner at GSK Stockmann since 2016 and has assisted Art-Invest Real estate and Accumulata Real Estate in drafting and negotiating various lease agreements many times before, including the “Macherei” lease of 11,500 m2 to the pharmaceutical company MSD Sharp & Dohme and McFit Global Group. Additionally, Dr Bernhard Laas of GSK Stockmann also advised on the lease of the M3 building to Scandic Hotels.

Advisers of Art-Invest Real Estate:

GSK Stockmann: Monique Franke (Real Estate, lead); Associate: Theresa Hasslberger (Real Estate)