Real estate prices in Munich were skyrocketing throughout the last years. Now, the Kässmeyer single family office took advantage of the bullish market environment and sold the “Leonardo” office buildings near the Munich airport to Sirius Real Estate.
Sirius Real Estate bought 16,900 sqm “Leonardo” office
The so-called “Leonardo” office campus – which was now acquired by Sirius Real Estate – has 16,900 sqm space. The building has substantial upside potential: so far, only 40% of the space is let. IMCON sold the object for the Kässmeyer single family office, Savills consulted both parties of the transaction. Sirius Real Estate is a leading operator and owner of business parks in Germany. The firm owns 1,582 million lettable square meteres with 4,829 tenants in 59 properties. Sirius mainly operates office parks, storage spaces and production sites and workshops.
Kässmeyer single family office as real estate investor
IMCON sold the “Leonardo” office buildings for the KCM Invest AG, a Zug-based investment firm belonging to the Kässmeyer single family office. Walter Käßmeyer (1928-2014) was a Munich real estate entrepreneur, who was mainly known for its support for Rudolph Moshammer, a German fashion designer. The Käßmeyer family office owns many large-scale buildings in the Munich area.
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