Coros has purchased the Gustav office complex in Munich’s Neuperlach district from Ardian, a global private investment house.

The Ardian Real Estate team rented additional space to the main tenant BSH Hausgeräte during the investment period.

Bernd Haggenmüller, senior managing director real estate at Ardian, said, “Following our efforts to extensively modernize the property in 2020 and 2021 as well as significantly boosting the long-term occupancy rate, we have successfully repositioned the office complex under the name GUSTAV. The transaction underlines our team’s ability to identify high-potential properties even in a competitive market environment and to successfully develop their potential through active asset management. We will continue to focus our investment strategy on Core-Plus, Value-Add commercial properties in key cities in Germany, France, Italy and Spain.”