Corestate acquires 260 serviced apartments in Munich
Corestate has acquired a former office complex in Munich, Germany. Built at the beginning of the 1980s, the asset was recently refurbished to house 260 serviced apartments. The building, located in the Moosach district, offers 8,300 sqm of rental space, a fitness studio as well as a 1,800 sqm training and conference centre with a flexible floor plan. "As the German city with the strongest economy, Munich is of course a dream destination for all investors in the serviced-apartment segment, which targets young professionals, business travelers and project employees,“ said Thomas Landschreiber, co-founder and Chief Investment Officer, Corestate.