Union Investment acquires PANDION OFFICEHOME in Munich's Werksviertel district

November 2021

PANDION has sold its largest office project development to date to Union Investment as part of a forward funding. A PANDION OFFICEHOME with 44,700 square meters of office space on up to seven floors and around 1,500 workplaces will be built in Munich's Werksviertel district by summer 2024. Construction will start in January 2022, and the space has already been leased for 15 years since the summer of this year to the Bundesanstalt für Immobilienaufgaben for use by the German Patent and Trademark Office.

Union Investment is purchasing half of the property for two real estate funds with institutional investors.

Further information is available in our press release (DE).