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08.02.2018

GSK Stockmann advises Art-Invest on leasing out ATLAS complex in Munich

GSK Stockmann provides comprehensive legal counsel on leases for over 10,000 m² in Munich’s ATLAS complex.

Art-Invest Real Estate has concluded long-term lease agreements covering a total area of approx. 10,000 m² for the office complex ATLAS in Munich’s Werksviertel with the leading coworking space provider Design Offices and the consulting firm WirtschaftsTreuhand. Currently under construction, the property with a total rental area of approx. 25,000 m² is already 92 % preleased. A total area of approx. 2,000 m² of office space is still available for lease.

Design Offices is leasing approx. 8,300 m² for a term of 15 years and will occupy the top eight storeys in the tower (6th to 13th floors) as well as a restaurant and catering space on the ground floor of ATLAS. The future company location in Munich will include flexible office and coworking spaces, inspiring conference rooms and spectacular event venues. Furthermore, the company will provide wide-ranging and attractive services for tenants in the whole building. By leasing space in ATLAS, Design Offices continues to affirm its expansion strategy.

The WirtschaftsTreuhand GmbH has taken a long-term lease on approx. 1,700 m² and will occupy two floors in the ATLAS Plaza Building. The auditing and tax firm will move from its current location in Munich’s Prannerstraße to the Werksviertel by mid-2019.

GSK Stockmann provided Art-Invest with comprehensive advice on leasing out the ATLAS complex. The law firm advised not only on the leases to Design Offices and WirtschaftsTreuhand but also on the lease to the Publicis Groupe which was made public in February 2017.

 

Advisor Art-Invest for rentals:
GSK Stockmann: Monique Franke (Lead); Counsel: Dr. Nadine Wachendorf; Associates: Katharina Treichel and Theresa Hasslberger (all Real Estate)