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

GSK Stockmann comprehensively advised the project developers Art-Invest Real Estate and ACCUMULATA Real Estate on letting a total of over 11,500 m2 in the Munich neighborhood development “Die Macherei” (“the makery”) to the fitness group McFit Global and the pharmaceutical company MSD Sharp & Dohme.

The “Macherei” at Weihenstephaner Strasse 28 is being developed into an urban office and business district in Munich’s east. Three internationally renowned architecture firms (HWKN Hollwich Kushner, meyerschmitzmorkramer and OSA Ochs Schmidhuber) designed six buildings of different architectural styles that are grouped around a central square on a property of 26,400 m2 total. The innovative concept will bring together flexible loft offices with roof terraces, a design hotel, co-working spaces, conference rooms, restaurants, retail spaces and a fitness studio and will completed at the beginning of 2021. The project developer is a joint venture of Art-Invest Real Estate and ACCUMULATA Real Estate.

Offering a fitness and music club concept, the fitness chain McFit Global Group is going to take over about 3,000 m2 in the M4 building, designed by architect HWKN Hollwich Kushner from New York City.

MSD Sharp & Dohme, a pharmaceutical company of the American Merck Group, signed a lease agreement for 8,500 m2 and is planning to move into section M5 by mid-2021.

GSK Stockmann comprehensively advised Art-Invest 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 supported Art-Invest many times before. Together with her team of Dr. Nadine Wachendorf, Katharina Groche and Theresa Haßlberger, she assisted Art-Invest in drafting and negotiating lease agreements. Previous successes included letting 13,000 m2 in the Implerhöfe property to the city of Munich as well as letting the ATLAS property with approx. 25,000 m2  located in Rosenheimer Strasse in Munich.

Advisers of Art-Invest Real Estate:
GSK Stockmann: Monique Franke (Real Estate, lead), Dr. Nadine Wachendorf (Real Estate), Associates: Katharina Groche and Theresa Haßlberger (both Real Estate)