The Munich-based Capital Markets team of Cushman & Wakefield, one of the world’s largest real estate advisory firms, has advised Derag Deutsche Realbesitz AG on the purchase of the ‘Hofmark 5’ office building in Munich. The seller of the property is Vonovia SE.
Located at Lerchenauer Strasse 110 on a plot of around 1,500 m², the property is part of a new urban and vibrant city quarter at the Olympic Park in Munich. It was completed in 2024 and comprises a total lettable area of around 3,200 m². Offices with flexible floor plans, communication areas and other communal areas are now available to future users on six floors.
Hofmark 5 is located to the north of Munich city centre and offers excellent transport links. The neighbourhood is easily accessible via the Mittlerer Ring and the Olympiazentrum and Oberwiesenfeld underground stations on the U3 line are just a few minutes' walk away.
The location also benefits from its proximity to the Olympiapark, which offers a high recreational value with its extensive green spaces and diverse leisure facilities such as swimming pools and tennis courts. Among other companies, BMW with its FIZ research and innovation centre, the BMW Museum and BMW Welt are located in the immediate vicinity.
