News: FOM Real Estate develops former Tengelmann site in Munich with Axa
News: FOM Real Estate as new player in the landmark investment market. Joint venture buys the tallest building in the Netherlands.
Construction of a 45,000 sqm office complex on Landsberger Strasse until 2021
The Heidelberg-based project developer and real estate service provider FOM Real Estate and AXA Investment Managers will develop the 14,000 sqm site on Landsberger Strasse in western Munich. AXA France and AXA Germany each acquired the property from Trei Real Estate, a subsidiary of the Tengelman Group.
The obsolete existing buildings with 34,000 sqm will be demolished, and from 2019 a new office complex with 45,000 sqm gross floor space will be built on the site. Completion is expected in 2021.
With this project in the north of the Laim district, FOM is returning to Munich as project developer after realizing objects that shape the city (Hochhaus Süddeutscher Verlag, Telekom Center Berg am Laim, Headquarters MAN AG, Development Hofstatt).
Translated with www.DeepL.com/Translator
FOM Real Estate GmbH
Frank Schindelbeck, Telefon +49 – 6221 – 36 36 618