In 2021, Hines acquired LOVT Munich in a joint venture with Union Investment. Hines will serve as investment, asset and development manager of the project. LOVT Munich consists of the main office building with a total gross floor area of 96,000 square meters and an above ground parking garage. The property is located in Werksviertel, one of the hottest submarkets in Munich, in close proximity to the eastern railway station and the inner city.
A comprehensive refurbishment is planned to develop the property into a modern campus. The focus will be on sustainable office space that meets the requirements of new ways of working in terms of flexibility and efficiency. High-quality architecture and furnishings as well as green courtyards and roofs will create added value for future users. The new refurbishment will also meet high ESG standards.