As its first investment, Ardian Real Estate European Fund (AREEF) acquired a c. 38,300sqm office asset, Konrad, located in Munich Riem, at Konrad-Zuse-Platz 2-12. The office complex consists of a historic listed building (Wappenhalle), built in 1939 and completely refurbished in 2002, and further 10 free-standing buildings, built in 2002, which are arranged around a central courtyard and connected by modern glass buildings. As Konrad portrays the perfect mix of tradition and modernity with its landmark building and rental areas meeting current tenant demands, the office complex is fully let.
With the direct access to the A94 motorway junction, the asset can be characterized as the gate to Messestadt Riem and the Riem Technology Park. Moreover, Konrad benefits from the accessibility of Munich´s city center and its central station (c. 20 min. by car and public transport) and the close proximity to the airport (c. 30 min. by car and 45 min. by public transport) as well as the underground station "Messestadt West" which is within 5 min. walking distance.