Construction project for a large mixed-use building in Munich.
Description
According to the project, the building with an area of over 27,000 m² includes:
- hotel 12,000 m²
- retail space over 1,500 m²
- living area of about 3,500 m²
- other 1,000 m²
- two-storey underground parking of about 9,000 m²
Deal structure: Asset Deal.
The building permit has been obtained.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 3% + VAT 19% (total 3.57%).
The building is located in Munich, 6 km from the historic city center and Marienplatz square. The nearest public transport stop and a grocery chain supermarket are just 100 meters away.
Munich is the largest city in Bavaria and the third largest city in Germany, as well as a major industrial and research center of the country. Here are the headquarters of the world famous companies ”AGFA“, ”BMW“, ”Siemens“.
Annually more than three million tourists come to Munich.
Bavaria is a federal state in the south-east of Germany. With an area of 70,550 km² Bavaria is the largest German state by land area. With 13 million inhabitants it is Germany's second-most-populous state after North Rhine-Westphalia. Bavaria has one of the largest economies of any region in Germany, and in Europe.
