The Munich office letting team of international real estate consultancy firm Cushman & Wakefield (C&W) has let around 830 square metres of office and commercial space in Giesing Business Center at Kühbachstrasse 1. The asset manager of the property is Sonar Real Estate GmbH, managing the property for a Luxembourg-based fund.
The tenant of the space on the 1st floor is Mediadesign Academy for Education and Training non-profit GmbH. This is a private technical college and a subsidiary of Mediadesign Hochschule für Design und Informatik GmbH. The new lease represents the doubling of the company's space within the property. The same tenant had already rented 830 square metres on the 2nd floor of the property at the beginning of the year, also brokered by C&W.
The five-storey Giesing Business Center was built in 1958 and later expanded, and extensively renovated in 2010/2011. It has a total lettable area of around 21,800 square metres. This comprises around 70 percent of office space, around 20 percent of retail space and around 10 per cent of medical practice space. Tenants include Aldi, a dm drug store, Socotec and Heinrich Bossert Immobilien.
