Newmark Arranges Sale of Fully-Leased Munich Office Asset to CONREN Land

April 23, 2026 9:00 AM

Newmark has arranged the sale of a fully leased, 21,400-square-meter office property at Prinzregentenplatz 7-9 in Munich. Newmark's Capital Markets team in Munich advised the seller, Union Investment. The buyer is a company managed by CONREN Land. The sale marks Munich's largest office transaction by sales price in more than three years[1].

"This transaction demonstrates that strong pricing remains achievable for high-quality office assets in prime urban locations," said Marcus Lütgering, Country Head Germany at Newmark. "Despite ongoing market headwinds, trophy assets with secure income streams continue to attract both domestic and international capital."

Located opposite the Prinzregententheater, the property occupies one of Munich's most prestigious addresses. Major tenants include GSK GlaxoSmithKline and Immobilien Bayern (ImBy). Its combination of central location, institutional-grade specifications and diversified tenant base positions the asset as a highly attractive investment.

Jan Isaakson, Executive Managing Director and Head of Capital Markets Munich at Newmark, added: "This transaction sends a clear signal to the Munich office investment market. Given its scale, it establishes a key benchmark in an increasingly selective environment."

According to Newmark Research, the Munich investment market continues to show clear divergence. While secondary assets face increased scrutiny, core properties in prime locations with high occupancy levels remain a primary focus for institutional investors.

[1] According to Newmark Research

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Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of over $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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