Office Portfolio, Munich, Germany

Background and Opportunity

  • Acquisition of two office buildings in the Munich area which were fully occupied but under-rented and with a short lease profile
  • Off market acquisition of two out of seventeen assets from a larger bank-owned portfolio
  • The vendor offered unique access based on successfully completing three previous deals with Revcap

Transaction Progress

  • Active tenant engagement and lease management increased net operating income and improved weighted average lease terms
  • Unsolicited offers were received for both buildings

Current Status

  • Both buildings individually sold in ahead of business plan and underwriting