Hines Leases Space at Munich's "aer" to dedicom

(MUNICH) – Hines, the global real estate investment, development and property manager, today announced its latest leasing success for “aer” in the Munich district of Neuperlach. dedicom (Deutsche DirektComputer), the leading company for consulting, implementation and execution of employee PC-programs, is expected to move into its new headquarters at “aer” in late summer 2023 taking 2,400 square meters of modern and flexible office space.

“aer” is comprised of two office buildings at Fritz-Schäffer-Strasse 9 with a total area of 87,000 square meters. Following its acquisition in February 2020 by the Hines European Value Fund 2 (HEVF 2), Hines has instigated a comprehensive transformation process with the existing property in the western area currently undergoing complete renovation.

Earlier this year, Hines also announced that “aer” will become the new headquarters of Bosch Building Technologies signifying that over half of the project owned by HEVF 2 is pre-let well before completion.

“aer” is based on a comprehensive ESG concept that intends to make it one of the most sustainable properties in Munich post-refurbishment with an anticipated climate-neutral operation. The embodied carbon footprint aims to be kept as low as possible through recycling building materials and a circular process. Furthermore, all renovation will be timber or timber-hybrid structures, which should have a positive impact on the building’s energy balance and occupier well-being. The combination of this type of refurbishment and the new timber construction paired with a zero-carbon operation is understood to be one of the only projects of its kind in Germany.

Services and amenities such as showers, lockers, a bicycle workshop, the planned daycare center, co-working spaces, yoga areas, rooftop terraces with a view over the alps and healthy gastronomy and bar concepts, will complete “aer” for all its tenants to experience and expects to set new standards for office buildings in Munich.

Christian Meister, managing director at Hines in Germany says: “It’s very encouraging news that dedicom has selected “aer” as its future headquarters as the business matches our philosophy when it comes to ESG. The fact that “aer” was chosen demonstrates the quality of its design and excellent connection to the city center underpinned by a modern working environment with exceptional amenity provision.”

Roman Breil, managing director of dedicom, adds: "The transformation of dedicom towards autonomous working, combined with our growth and the modern, hybrid world require a new kind of office focused on encounter, exchange, creativity, concentration and collaboration. With “aer”, we have found exactly the right place to call home given its a forward-looking office building preserving the existing framework yet connected to the future."

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About Hines

Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 28 countries. We manage a $92.3B portfolio of high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 634 properties totaling over 225 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets.

Since entering Europe in 1991, Hines has grown its European platform to include offices in 17 cities as well as a presence in 79 cities in 14 countries. Hines oversees investment assets under management valued at approximately €25.3 billion and provides third-party property-level services totaling 4.7 million square meters in Europe, in Austria, Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

To learn more about Hines, visit www.hines.com and follow @Hines on social media.

¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2022.

About “aer”

“aer” is comprised of two office buildings at Fritz-Schäffer-Strasse 9 with a total area of 87,000 square metres. Following its acquisition in February 2020, by HEVF 2, Hines has initiated a comprehensive transformation process with the existing property in the western area currently undergoing complete renovation. A multi-tenant office building with a sustainable energy concept is being created, which will be certified DGNB Gold. In addition, “aer” has already received WiredScore Platinum certification and is therefore considered best in class in terms of connectivity. Both are proof of Hines’ efforts to set new standards in the areas of sustainability and digitalisation while ensuring the greatest possible governance transparency.

Together with the eastern part of the site, a campus with attractive outdoor areas accessible to everyone is to be created. Hines is currently facilitating a culinary, cultural and sustainable interim concept at the site with “shaere”, which has since become one of the largest interim use projects in Germany, including a Community Kitchen that can produce up to 10,000 meals a day from rescued food.

Hines was advised on the letting by GSK Stockmann and Colliers. Colliers Munich brokered the lease and exclusively advised the tenant.

For more information on "aer," visit www.aer-muenchen.de.

About the Hines European Value Fund 2 (HEVF 2):

HEVF 2 is the second close-ended, Luxembourg-based investment fund in the flagship HEVF Series with the objective to secure and invest in value-add commercial real estate throughout Europe on behalf of an institutional investor group. HEVF 2 was initially launched in December 2019 and has effectively been fully allocated across 14 separate investments across the Residential, Logistics and Office sectors. Execution and crystallization of performance is the focus and currently the fund expects to outperform its target returns.

"aer" in Munich
Caption "aer" in Munich