HIH Invest Real Estate has completed the sale of a fully leased office and production property located at Taunusstraße 41 in the Milbertshofen-Am Hart district of Munich. The buyers are Montano Real Estate GmbH and Beyond Real Estate Holding, with the transaction structured as an asset deal. Originally constructed in 1972, the building underwent significant modernisation in 2012 when BMW took occupancy. The car manufacturer most recently extended its long-term lease in 2024. HIH Invest acquired the single-tenant asset in 2014 for the portfolio of a specialised investment fund. The property offers approximately 23,000 square metres of gross floor area and includes 163 underground parking spaces and 93 outdoor parking spaces. It is situated in Munich’s north, near the Euro Industriepark and BMW’s Research and Innovation Centre (FIZ), positioned north of Frankfurter Ring and west of Ingolstädter Straße. “In a challenging market environment, we successfully brought the asset to market, delivering a strong result for our investors over the ten-year holding period,” said Daniel Asmus, Head of Transaction Management Office Germany at HIH Invest. Legal counsel for the transaction was provided by Hogan Lovells in Hamburg, with technical vendor due diligence carried out by CBRE. Colliers in Munich supported the sales process.