Europa Capital, in partnership with Bayern Projekt, has pre-let 1,500 sqm of office space on a 10-year term at the Olympia Business Centre in Munich, Germany to the Japanese fishing equipment manufacturer, DAIWA.
DAIWA will be relocating from Gröbenzell to the Olympia Business Centre, a 38,000 sqm office refurbishment project which will serve as the business’ new German headquarters.
The letting increases the total occupancy of the asset to 50% following recent lettings to Stadtwerke München, the municipal utility company (for c. 10,000 sq m) and the Department of the Bavarian Criminal Police Office (for c. 5,300 sq m).
Europa Capital and Bayern Projekt have implemented a comprehensive refurbishment of the Olympia Business Centre over the last three years to improve the quality of the indoor and outdoor space, as well as to enhance the building’s flexibility.
“This long term letting to DAIWA, a global brand, is not only testament to the quality of workspace at the OBC, but also a huge vote of confidence in the future of the office sector. We believe that the office will continue to play an important role in fostering collaboration and productivity for businesses, and the OBC is well placed to meet the demands of modern occupiers looking for well located, flexible workspace solutions with outstanding digital connectivity, which has been recognised by its WiredScore certification,” said James Pennington, Director at Europa Capital.
Sven Renz, Managing Partner of Bayern Projekt, added: “We are excited to welcome a global business like DAIWA to the OBC, which is situated at one of the top addresses in Munich. The core idea behindthe revitalization of the Olympia Business Center is to offer tomorrow’s working environments today. Therefore, we placed an emphasis on digital infrastructure from the start. We are all the more pleased that the building has been awarded a platinum WiredScore certification, demonstrating that it is one of the best in its class.”