On Munich's investment market, the Glockenbachviertel has recorded a notable transaction in the historic investment property segment. Aigner Immobilien GmbH brokered a listed residential and commercial building dating from the Neo-Renaissance era. Built in 1876, the property was sold on behalf of a private community of owners. The buyer was a foundation that acquired the asset for long-term portfolio holding.
The building comprises a total lettable area of around 600 square metres. The space is divided into eight two-room flats on the upper floors and a commercial unit on the ground floor. At the time of the change of ownership, the property was fully let. Thanks to a comprehensive history of refurbishment and ongoing maintenance, the period building is in an exceptionally well-kept overall condition.
Key property data at a glance
- —Built in 1876 in the Neo-Renaissance style with listed status
- —Around 600 square metres of total lettable area
- —Eight two-room flats and one commercial unit on the ground floor
- —Fully let with continuously maintained and refurbished building fabric
Discreet change of ownership in the inner-city portfolio
The sale of the property was conducted away from the public market. The placement took place as a structured off-market transaction via the estate agency's internal contact network. The parties involved agreed to maintain confidentiality regarding the financial scale and the exact purchase price.
Jenny Steinbeiß, Managing Director of Aigner Immobilien GmbH and head of its investment department, highlighted the rarity of the property. She noted that such an asset represents an exceptional opportunity in inner-city Munich. The combination of historic building fabric, ongoing modernisation and the sought-after central location offers the new owner long-term stability as well as further development potential.
With this acquisition, the foundation secures an enduring investment in one of the Bavarian capital's most desirable districts, providing further evidence of unbroken demand from institutional and foundation-affiliated investors for fully let period properties in central locations.
