KGAL and BSH finalise long-term lease agreement for Aviva office complex in Munich

KGAL and BSH Hausgeräte GmbH have signed a new lease agreement for the “Aviva” office complex in Munich’s Neuperlach district. The agreement, concluded ahead of schedule, covers approximately 60,000 square metres of gross floor space, making it the largest single office lease in Munich in more than five years. BSH will continue to use the site as its corporate headquarters.

The Aviva building, constructed in 2003, has housed BSH’s headquarters since its completion. As part of the new agreement, BSH will consolidate additional company divisions at the Carl-Wery-Strasse location. Planned upgrades to the site include facilities for customer engagement, product exhibitions, training, and events.

KGAL has overseen asset management of the property for several years and retains a minority interest. The property is owned by Korean investors represented by Kiwoom Asset Management, who selected KGAL to lead lease negotiations due to the company’s experience in the German real estate market.

The new lease supports both the tenant’s and owner’s focus on long-term occupancy and property sustainability. The agreement is structured as a green lease, aligning with environmental and operational objectives.

BSH Hausgeräte GmbH is part of the Bosch Group and operates in around 50 countries, with 39 manufacturing sites and a workforce of over 57,000 employees. In 2024, the company reported sales of approximately EUR 15.3 billion.

KGAL, based in Grünwald, manages assets across real estate, infrastructure, and aviation, with an investment volume exceeding EUR 15 billion as of the end of 2024.