Acacia Point Capital secures 18-year lease in Munich
Acacia Point Capital has negotiated a significant lease extension in Munich with a leading German self-storage operator.The lease comprises an area of 6,060 sqm, which has been extended until October 2033.
This asset is a 58,000 sqm mixed use retail and logistics property that occupies a plot of 4.4 hectares located 5km west of the city centre of Munich. Tenants including Bauhaus, Staples, Kaufhof, Prosegur and Kustermann.
Thomas Blaser, Head of Asset Management at Acacia Point Capital said: “Persistence over a 12-month period of negotiations has delivered a lease that provides 18 years of secure income from a strong operator who is benefitting from the asset’s central Munich location”