The internationally active, privately held BALFIN Group has acquired the historic Tietz property in Munich city centre. With this acquisition, the group marks its market entry into Germany and expands its portfolio in established European economies with a significant inner-city development asset.
The building is located directly opposite Munich Central Station and features an underground passage that provides direct access to the long-distance and local public transport hub. Situated along the high-footfall shopping and commercial corridor between the Central Station and Karlsplatz (Stachus), the currently vacant property comprises a gross floor area of approximately 26,500 square metres.
Mixed-use concept for the historic existing property
The owner plans a comprehensive redevelopment of the site into a modern mixed-use location. The utilisation concept aims to respect the architectural character and historical identity of the building while combining them with contemporary space requirements. The orientation of the future rental spaces is divided into several functional segments:
- —Modern office space on the upper floors
- —Retail uses on the ground floor and the first basement level
- —Complementary dining and hospitality concepts to enliven the surrounding area
Samir Mane, founder and president of BALFIN Group, described the market entry into Germany as an essential milestone in the company's international development. The group sees the traditional property as an opportunity to breathe new life into a prominent Munich location and to contribute its operational experience in managing prime commercial real estate, generating long-term added value for the economy and urban community.
Project management and international positioning
The management of the development will be handled by a German subsidiary of the group. For the upcoming implementation phase, the company remains open to partnerships with local investors and strategic partners. During the construction phase, contracts are to be awarded to professionals and service providers from the architecture, engineering, and construction sectors, with local suppliers also set to benefit from the delivery.
BALFIN Group brings more than three decades of experience in the real estate sector and currently operates four shopping centres as well as a retail park. The acquisition in Munich follows its existing presence in Austria, where the portfolio comprises various residential and commercial developments in Vienna, including the property at Nordbahnstrasse 50 acquired in 2025. In addition, the company is active in commercial and residential developments across the United States and Canada via its BALFIN Americas entity.
