Operator The Base is continuing its expansion in the Bavarian state capital. On Landsberger Straße, the company has signed a commercial lease agreement with a fixed term of 20 years for a co-living property. The asset marks the brand's second location within the Munich city area and, according to current plans, is scheduled to commence operations in 2029.
The project comprises around 6,800 square metres of gross floor area. A total of 204 fully equipped apartments will be created on the site, tailored to the requirements of newcomers and people living in the city on a temporary basis. The owner of the land is an established Munich entrepreneur who holds the property through his own family office.
Structured selection process for the operator
On behalf of the owner, the search for a long-term partner was managed by advisory specialists BelForm alongside companies from the Oeckl corporate group. The process was based on a dedicated concept that coordinated the specific characteristics of the location, the target demographic and the intended rent levels in advance. This consistent foundation enabled several market participants to submit comparable offers.
- —Project scope: 204 co-living units across approximately 6,800 square metres of gross floor area
- —Contractual framework: Commercial lease agreement with a 20-year fixed term
- —Targeted completion and opening: 2029
- —Parties involved: The Base as operator, local family office as owner, brokered by BelForm and Oeckl corporate group
Benjamin Oeckl, founder and managing director of BelForm, emphasised that commercial apartment buildings require experienced operators. Only those who precisely understand guest expectations regarding location and terms can establish a permanently viable temporary home. In the matching process that was conducted, The Base emerged as the most commercially and conceptually suitable solution for both the owner and the property.
Residential concept addressing urban loneliness
Florian Färber, founder and CEO of The Base, pointed to the structural demand for community-oriented living space in metropolitan regions. Many people relocating to Munich initially face the challenge of social isolation. The company's concept offers a targeted response to this loneliness, and Landsberger Straße provides the ideal setting for it. Furthermore, the process supervised by BelForm gave the owner the required confidence for a partnership spanning two decades.
