In a strategic repositioning of one of Unterschleißheim’s landmark assets, B&B HOTELS has signed a 20-year lease for approximately 3,500sq m within Lohhof Quartier, a multi-part office complex currently being redeveloped by Union Investment.
The €9.6M hotel conversion, targeting 93 rooms, marks the first step in a broader mixed-use vision that is gaining traction in the northern Munich submarket.
The project is part of Union Investment’s UniImmo: Europa fund and follows the vacancy of the space after the exit of Deutsche Pfandbriefbank in 2019. Lohhof Quartier, with a total lettable area of 28,000sq m across seven interconnected buildings, is being comprehensively repositioned into a multi-tenant, amenity-rich campus. The site is located approximately 15km southeast of Munich Airport and benefits from direct S-Bahn connectivity and excellent road access.
“The B&B HOTEL will share a development core with the adjacent office building. This offers the decisive advantage that not everything has to be turned upside down. We can connect to existing systems for building services. This reduces costs and makes the conversion sustainable because we can use most of the existing resources,” said Malte Schönbohm, Technical Project Manager at Union Investment.
Contrary to earlier reports, Deal Manufaktur is not acting as the broker for the lease, but is exclusively mandated by Union Investment for the full redevelopment of Lohhof Quartier. The company initiated the entire transformation process of the former bank building, which is now seeing increasing tenant interest. The largest tenant in the complex is Philips and three additional lease negotiations are currently underway with occupiers from the fitness, retail and food sectors to further align the scheme with modern occupier needs.
