GIEAG Immobilien AG (GIEAG) is developing a commercial area of around 85,000 square meters at Finsinger Feld in Ottobrunn near Munich. In a first step, the western part of the site with more than 43,500 square meters and an investment volume of around 160 million euros has now been purchased. The second part of the site, with a size of more than 41,000 square meters, is to follow by mid-2020 at the latest. Both partial sites are currently partially built on; interim use of the existing hall areas is planned. In total, GIEAG’s project pipeline now amounts to around 1.15 billion euros with the new project.
The Munich-based project developer and property owner is planning to adapt the existing building law for the site within the framework of an architectural competition. The idea is to develop the existing use into a modern campus area that combines commercial and possibly other types of use.
“We currently see and continue to see a very attractive market situation for the development of large-scale office properties in and around Munich. In this regard, the Finsinger Feld project offers us excellent opportunities for location development in the immediate vicinity of Munich,” says Philipp Pferschy, CEO of GIEAG Immobilien AG.
The commercial area in Ottobrunn is located only a few minutes away at the southeastern city limits of Munich. The community is directly connected to the Bavarian capital and the surrounding area via the A99 and A8 motorways.
GIEAG Immobilien AG
Philipp Pferschy
Montgelasstraße 14
81679 München
ir@gieag.de
+49 89 290516-0
PB3C GmbH
Tauentzienstr. 16
10789 Berlin
gieag@pb3c.com
+49 30 726276-152
GIEAG is a family-run Munich real estate stock corporation. The shares of GIEAG Immobilien AG are traded on the Munich Stock Exchange as well as the Frankfurt Stock Exchange and Xetra. By combining the three asset classes - office, residential, logistics - and the two service areas of development and portfolio management, the company offers stability that is unique in the market. The GIEAG team of experts is a guarantor for innovative and forward-looking concepts.
Over the past 22 years, GIEAG Immobilien AG has developed and optimised a large number of real estate projects with areas of up to 145,000 square metres and an individual investment sum of 15 to 150 million euros. Partnership, transaction security, perseverance and speed are the basis of sustainable value development for GIEAG.
