BNP Paribas REIM Germany acquires Munich office asset for Real Value Fund
BNP Paribas Real Estate Investment Management (REIM) Germany recently purchased an office property in Munich
for the Real Value Fund. The property was built in 2002 and is located at Dessauerstraße 13 - 15 in the Moosach
district in the northwest of Munich. The asset features just under 5,600 sqm of rental space and is almost fully let.
The Real Value Fund is a German special real estate fund structured for institutional investors, which was jointly
launched by BNP Paribas REIM Germany and Edmond de Rothschild REIM (formerly Cording Real Estate Group)
in 2015. The contracting parties have agreed not to disclose the purchase price and the name of the vendor.