Montano Real Estate and Beyond Real Estate Holding acquire attractive single-tenant office building in Mönchengladbach
Issuer: Montano Real Estate GmbH
/ Key word(s): Acquisition
Montano Real Estate and Beyond Real Estate Holding acquire attractive single-tenant office building in Mönchengladbach
Munich, 17. July 2024 - Montano Real Estate GmbH ("Montano", www.montano.eu), a highly specialized partner for investments in commercial real estate, has added another attractive property to its joint commercial real estate portfolio with Beyond Real Estate. The property was acquired as part of an asset deal from a real estate company listed on the New York Stock Exchange. The office complex at Madrider Strasse 1 ("MASTRA") in Mönchengladbach has a lettable area of around 18,700 square meters and 389 parking spaces, spread across an underground car park and outdoor parking spaces. The sole tenant is Santander Consumer Bank. Built in 2015, the core property consists of four building sections and is located in Mönchengladbach's Nordpark district, in the immediate vicinity of the Borussia-Park soccer stadium. Several bus stops in the vicinity ensure excellent public transport connections. The Nordpark was used as a British military base until 1998. Following the takeover and privatization of the site by the city of Mönchengladbach, regional and international companies with a total of more than 5,000 jobs have settled there. "With the acquisition of MASTRA, we were once again successful together with Beyond," says Katharina Weigl, Director Debt Finance & Investment at Montano. "With its location in the economically strong Rhine-Ruhr region, Mönchengladbach is an attractive location for office properties. The creditworthy tenant Santander Consumer Bank secures us a stable long-term cash flow." "With MASTRA, we have repeatedly shown that it is possible to make attractive transactions even in this challenging market environment," says Samson Weldemariam, Head of Investment at Montano Real Estate. "We are still actively looking for interesting properties and have a very solid financial basis to take advantage of the opportunities that arise." Montano will be responsible for asset management in the future. Montano and Beyond were advised on the transaction by Noerr and technically by Kroll. CBRE brokered the transaction. About Montano Real Estate About Beyond Real Estate Our investor base at Beyond is characterized by remarkable loyalty, as they participate in every new transaction we undertake regardless of market conditions. Our investors are diverse and include private and public companies, foundations, family offices and high net worth individuals from Europe, the United States and Israel. Contact
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Language: | English |
Company: | Montano Real Estate GmbH |
Lenbachplatz 5 | |
80333 München | |
Germany | |
Internet: | https://www.montano.eu/ |
EQS News ID: | 1946695 |
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