Munich, Germany

Club Deal 175 - In May 2015, Taurus closed on the acquisition of a 5,600 square meter office property in Oberpfaffenhofen, part of the Aerospace & Technology Park Oberpfaffenhofen, in the Greater Munich area of Germany.  The project was acquired for € 13.45 million, consisting of € 4.75 million equity with the remaining funded through an attractive loan. The projects anchor tenant Spheros is a leading manufacturer of heating and air conditioning systems and has signed a 15-year lease at the property.  The Aerospace & Technology Park has been in existence for 75 years and has an average occupancy rate of 95%.  Oberpfaffenhofen is a strategic location for our tenant Spheros, who has been present at the site for 40 years and currently is looking to expand their operations locally.
The Technology Park has a direct connection with the city of Munich (15 miles away) and the Munich Airport through a metro station (S-Bahn “Gilching Süd”).