Mittwoch, 20. September 2017

  • Pressemitteilung BoxID 664288

SIGNA buys development site in Munich from PAMERA and E.T. MYER

Munich, (lifePR) - PAMERA Real Estate Partners, the real estate multi-family office and its joint venture parter E.T. MYER Immobilien, have sold a development site of almost 2,800 sq m in Landshuter Allee, Munich to SIGNA Urban Living GmbH, a subsidiary of the SIGNA Group. The parties have agreed to keep the purchase price confidential.

PAMERA and E.T. MYER acquired the property in the Nymphenburg district as a joint venture in 2015. The site includes around 2,300 sq m of buildings. Working with the Munich office of HPP Architekten, a planning consent was obtained to expand this with the development of a total of 7,500 sq m.

The outline planning consent was granted at the date of sale, allowing the construction of a new building and the revitalisation of the existing property. The planning permission allows the development to be used as a hotel, a guesthouse or student accommodation with up to 330 student and/or business apartments.

About E.T. MYER Immobilien GmbH
E.T. MYER is a Munich based real estate consulting company, specialised on commercial real estate brokerage. Besides the consulting and brokerage services E.T. MYER holds and selectively develops a real estate portfolio of approximately 20.000 sqm rental space in Munich and Düsseldorf, amongst others the highly acclaimed design hotel 'The Flushing Meadows Hotel & Bar' in Munich.

PAMERA Real Estate Partners GmbH

PAMERA Real Estate Partners GmbH is an independent, owner-occupied real estate multi-family office that specialises in the management of real estate assets for family offices, foundations and high-net-worth private investors. On behalf of its clients, the company takes over the development of strategy, the assembly of real estate portfolios and complete representation of its clients as owners, also acting as co-investor. As well as direct investments, it realises club deals, primarily in the area of development projects and mezzanine financing. PAMERA currently manages property assets worth around 450 million Euro, comprising 30 properties in 13 locations.

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