Newmark Arranges Munich's Largest Office Sale in Three Years at Prinzregentenplatz 7-9

Newmark has arranged the sale of a fully leased, 21,400-square-meter office property at Prinzregentenplatz 7-9 in Munich, Germany, in what Newmark Research identifies as the city's largest office transaction by sales price in more than three years. The seller was Union Investment Real Estate, and the buyer is a company managed by CONREN Land.

Transaction Overview

The office real estate asset, located opposite the Prinzregententheater in one of Munich's most prominent addresses, spans approximately 230,000 square feet of lettable area and is fully occupied. Major tenants include GSK GlaxoSmithKline and Immobilien Bayern (ImBy). Its combination of central location, institutional-grade specifications, and a diversified tenant base positioned the property as a core investment opportunity.

Newmark's Capital Markets team in Munich advised the seller, Union Investment, on the transaction. Financial terms of the deal were not disclosed.

Newmark Executives Weigh In on Munich Office Real Estate Market

Marcus Lütgering, Country Head Germany at Newmark, said the deal underscores continued investor appetite for high-quality assets in prime locations. "This transaction demonstrates that strong pricing remains achievable for high-quality office assets in prime urban locations," Lütgering said. "Despite ongoing market headwinds, trophy assets with secure income streams continue to attract both domestic and international capital."

Jan Isaakson, Executive Managing Director and Head of Capital Markets Munich at Newmark, described the deal as a market signal. "This transaction sends a clear signal to the Munich office investment market," Isaakson said. "Given its scale, it establishes a key benchmark in an increasingly selective environment."

Market Context: Divergence in Munich Office Investment

According to Newmark Research, the Munich investment market is showing clear divergence between asset classes. While secondary office properties face increased scrutiny from investors, core assets in prime locations with high occupancy levels remain a primary focus for institutional capital — both domestic and international.

The Prinzregentenplatz 7-9 transaction reinforces that dynamic. The property's full occupancy, blue-chip tenant roster, and central urban positioning are consistent with the profile of assets that have continued to attract institutional investment even as broader commercial real estate investment volumes have remained selective.

About the Firms Involved

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm offering capital markets, leasing, and advisory services. For the twelve months ended December 31, 2025, Newmark generated revenues of over $3.3 billion. As of December 31, 2025, Newmark and its business partners operated from approximately 175 offices with over 9,300 professionals across four continents.

Union Investment is a major German institutional investment manager. CONREN Land is a real estate investment company that served as the acquiring entity in this transaction.

Sources

Newmark Press Release: Newmark Arranges Sale of Fully-Leased Munich Office Asset to CONREN Land