At the recent Expo Real property trade fair, Rohrer Immobilien brokered the sale of a building plot in the northern district of the Bavarian capital. The property covers an area of approximately 2,000 square metres. The vendor of the site is a Bavarian family office, while a Munich-based property developer secured the land for a new residential development scheme.
The transaction follows an earlier residential deal completed by the brokerage firm. Around ten months prior to this latest completion, the estate agency had brokered a development site for 130 student flats near the Mittlerer Ring. That location offered direct connections to underground lines U2 and U3, providing rapid transit to Ludwig-Maximilians-Universität and the Technical University of Munich.
Planned development of more than 100 residential units
The construction of more than 100 residential units is planned on the newly sold site in northern Munich. The plot benefits from very good public transport links. Conceptually, the proposed new-build scheme focuses on a diversified housing mix:
- —Compact apartments for single-person households
- —Two-room flats for couples and smaller households
- —Small-scale residential layouts catering to tenants, private buy-to-let investors and owner-occupiers
Sven Keussen, Managing Partner at Rohrer Immobilien, stated that the Munich residential market continues to be characterised by high demand. He noted that compact, well-designed units in locations with efficient public transport connections are in particularly high demand, and the planned development addresses precisely this requirement.
Market environment and relevance of land activation
According to Keussen, the latest closing also demonstrates that well-located properties with viable development potential continue to attract substantial interest from investors and developers even in the current market environment. The interplay of location quality, needs-based floor plan design and economic viability is decisive for the success of such projects. With building land remaining scarce in Munich and housing demand remaining high, activating suitable sites is of particular importance.
