KGAL acquires Streitfeld Lofts Office complex in Munich

KGAL has acquired the Streitfeld Lofts office complex in Munich’s Berg am Laim district for one of its institutional special funds. The property, completed in 2020, offers 8,400 square metres of rental space and includes 54 underground parking spaces. It was purchased from a real asset fund managed by BlackRock.

The complex consists of a modern extension and a fully refurbished building originally constructed in 1967. It is located in the eastern part of Munich, in a district known for its mix of cultural venues, creative spaces, and growing commercial activity. The area is part of Munich’s broader Art District and has attracted a variety of tenants, particularly from the IT and consulting sectors.

The office spaces feature loft-style layouts, roof terraces, and high-quality interior finishes. The property is certified “Excellent” under the BREEAM sustainability standard and incorporates several ESG-aligned features, including district heating powered by renewable energy, full LED lighting, e-charging stations, and access to public transportation. Natural light is a prominent feature in the design of the workspace.

KGAL noted that this acquisition marks its fourth office property purchase in the past six months. According to Portfolio Manager Christian Schlüter, current market conditions offer opportunities to secure high-quality assets with long-term potential.

The company plans to continue its investment activity with further acquisitions in both the commercial and residential real estate sectors in the coming months.

Photo: KGAL